JOURNALISM
The Fed Doesn’t Fear Inflation. Its Critics Have Longer Memories
Milton Friedman saw the great uptick of the 1970s coming, and Larry Summers has similar warnings today. Jerome Powell would do well to listen.
Britain Is Entering a Parallel Universe
Brexit, natural disaster, wokeness and a loss of enlightenment values – Philip Pullman’s novels are an intimation of the post-pandemic world.
GameStop, Robinhood and the Return of the Wind Trade
The history of economic bubbles casts doubt on the idea that the Reddit rebellion was a victory of the little guy over “the suits.”
History’s Lesson for Biden: Stuff Happens
Presidents sworn in during crises are popular at first. But unforeseen events can soon change that.
The tech supremacy: Silicon Valley can no longer conceal its power
‘To see what is in front of one’s nose needs a constant struggle,’ George Orwell famously observed. He was talking not about everyday life but about politics, where it is ‘quite easy for the part to be greater than the whole or for two objects to be in the same place simultaneously’.
America Will Achieve Herd Immunity to Trumpism. I Hope.
Major pandemics often coincide with religious or political contagions. In his “History of the Peloponnesian War,” Thucydides records how, during the plague that devastated Athens between 430 and 426 BC, people seemed to lose their moral compasses.
A 12-Step Guide to Staying Sane During the Plague Year
How Bruckner, Scott, “Doctor Who” — and tea — helped this columnist survive the pandemic.
After the Pandemic, a Pile of IOUs
Economists see a free lunch in fiscal stimulus, but that depends on low post-pandemic interest rates.
Bitcoin Is Winning the Covid-19 Monetary Revolution
The virtual currency is scarce, sovereign and a great place for the rich to store their wealth.