Alexander William Salter
Alexander William Salter
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Is Inflation Still a Thing? | National Review

Is Inflation Still a Thing? | National Review

so long ago, during the age of Milton Friedman, the chief concern of monetary policy was inflation. The Federal Reserve’s job was seen as a balancing act: Too low a money supply would slow spending, and too much would erode purchasing power. Of course, given the inoculation of monetary economists against anything resembling deflation, we really only worried about erring in the other direction. Good monetary policy meant open-market operations to keep the money supply on a predictable path, which gives markets a stable foundation for short-term and long-term contracting, facilitating...

Feb 19
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By supporting Trumpism, the GOP is in danger of losing libertarian support

By supporting Trumpism, the GOP is in danger of losing libertarian support

1:31 AM on Feb 7, 2021 CSTThe American right has been a coalition of libertarians and traditionalists, united against the common foe of a domineering and unaccountable government. Now the ties that bind are fraying. In the aftermath of the 2020 election, there is a real chance they could be severed entirely.Rather than exhibiting self-reflection and admitting their role in allowing Trumpism to take over their party, some Republicans are instead blaming libertarians for their electoral defeat. But the libertarian rejection of Trump is not about one man. It is about the direction of American...

Feb 7
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‘Zombie Reaganism’ Is Alive and Well | National Review

‘Zombie Reaganism’ Is Alive and Well | National Review

the Trump revolution, there has been much ado about “.” The “” of free enterprise and limited government, the thinking goes, lost its appeal for a newer (older?) kind of conservative. By no means afraid of government power, these conservatives have learned to . Despite Trump’s defeat, they assure us that the GOP has changed tack: Laissez-faire and procedural liberalism are out; industrial policy and the common good are in.American conservatives are to these kinds of intramural debates. But the rapid spread of this so-called consensus is unprecedented in the history of conservatism. Many...

Dec 2
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Rockets and profits: How corporations will make us a permanent spacefaring civilization

Rockets and profits: How corporations will make us a permanent spacefaring civilization

Follow Us   © 1996-2020 News CommunicationThe views expressed by contributors are their own and not the view of The Hill © Getty ImagesNASA’s Space Launch System (SLS), its  rocket, is having an ignition trouble, and the issue is money. Concerns over the cost of SLS show the importance of letting for-profit companies lead the way to the final frontier.“The new development baseline cost for SLS is $9.1 billion, and the commitment for the initial ground systems capability to support the mission is now $2.4 billion,” Kathy Lueders, head of NASA’s human spaceflight program, recently ....

September 10, 2020
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