It has to be a sign of the times as well as human nature where we are compelled to either forget the (recent) past or to convince ourselves that we have moved far enough beyond the mistakes of them. There were two stories reported today that are seemingly unrelated except by how they contradict each other in principle. The first, [...]
In the Spring of 1991, Lee Hoskins, then the President of the Cleveland Fed, penned an article that defended his view of inflation against what he considered the mainstream critiques of that position. President Hoskins favored zero inflation, a thought long since banished from anything in the orthodox literature. He even went so far as to argue that zero inflation [...]
It seems like January has been associated with adverse weather for as long as January has existed. I think even the simple folk that lived in more agrarian times were aware that winter tended to be very evident in January, and could vary in intensity from year to year. Jean-Paul Sartre realized the impact of January weather when he said, [...]
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