The new Covid response plan

The Biden administration’s plan to combat the Covid pandemic and related economic woes seems bureaucratically top-heavy and fiscally irresponsible.
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Don't expect monetary policy to offset other mistakes

The Magic Formula by Nathan Lewis shows that (1) GOP tax cuts aren’t enough, wasteful spending must also be tackled; and (2) Federal Reserve should revert to "stable money" policies.
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An updated view of the economy (part one)

Economic growth has been accelerating while inflation remains moderate, but this may not last long. Modest government policies, designed to support the private sector rather than controlling it, should be the order of the day. Read More...
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