We’re never long or far from a reminder that interest rates have a powerful effect on the human economy. Nearly $700 billion has flowed into money-market mutual funds this year because they offer a decent yield–4+%–when many bank savings accounts pay next to nothing. In this inflationary period, that’s a financial no-brainer, as well asContinue reading “A Dry-Witted History of Dismally Easy Money”
Tag Archives: manhattan institute
When New York Emptied ‘Excess’ Jail Cells
For some time, many libertarians have joined reformers on the left in pushing various decarceration measures, out of conviction that too many people are behind bars in America and that this is both unjust and excessively expensive. In the last five years or so, this cause has led to changed policies in major jurisdictions, includingContinue reading “When New York Emptied ‘Excess’ Jail Cells”
Tim W. Ferguson 