No need to worry; the consensus says inflation isn’t going to be a problem

Ever since the 2008 financial crisis, pessimists have been saying we are due a global inflation surge. So far they’ve been wrong. The world’s economies, particularly the rich ones, have sucked up fiscal and monetary stimulus and the biggest official concern has usually been that the inflation rate is too low.

But even a stopped clock eventually shows the right time.  Given Covid-induced monetary and fiscal overdrive, might the worriers finally be proved right?

Continue reading “No need to worry; the consensus says inflation isn’t going to be a problem”

With an election coming next year, Zuckerberg defends free speech

Facebook boss Mark Zuckerberg is under attack because of the consequences of too-free speech on his platform.

But it’s possible he may be a more considerable public figure than many had him down for, after he made a reasoned and principled address defending free speech (and his company’s approach to it) at Georgetown University last week.

The immediate kerfuffle was over political campaigning.  The Trump campaign put out a social media ad which implied that Democratic candidate Joe Biden had corrupt motives in helping fire a Ukrainian prosecutor investigating the Ukrainian company which employed his son.  Elizabeth Warren, another Democratic presidential contender, riposted by attacking Facebook for letting politicians run advertisements with false claims.  To prove her point and get some publicity (good for her, not so good for rival Biden), she ran a self-proclaimed false ad – on Facebook. Continue reading “With an election coming next year, Zuckerberg defends free speech”