Is the Fed Independent?

by Mario Rizzo In today's Wall Street Journal frequent contributor to ThinkMarkets, Jerry O'Driscoll, has an important opinion piece, "Why the Fed Is Not Independent." There has been much discussion recently of the importance of "preserving" Fed independence. But is the Fed independent? Independent of what? Jerry concentrates on the link between the Fed's monetary … Continue reading Is the Fed Independent?

Of Interest to All Market Process Economists

by Gene Callahan Dan Klein responds, on the meaning of economic coordination, mostly to Israel Kirzner, and secondarily to several others, including me. Here is Klein's abstract: The Fall 2010 issue of the Journal of Private Enterprise featured a complicated set of papers. The lead article was a long paper by Jason Briggeman and me, … Continue reading Of Interest to All Market Process Economists

We should pay more attention to Radley Balko

by Roger Koppl On June 14th, Radley Balko posted an article on Huffington Post entitled "Private Crime Labs Could Prevent Errors, Analyst Bias: Report."  He explains some of the problems of forensic science in the US.  He suggests that "rivalrous redundancy" could improve the system and links to my 2007 Reason Foundation Report explaining how rivalrous … Continue reading We should pay more attention to Radley Balko