Josh L. Ascough

Articles

Central Bankers Are Poor Archers: The Problems and Failures of Inflation Targeting and Price Stability

01/03/2023 Mises Wire Josh L. Ascough

The famous quote, “Insanity is doing the same thing over and over again and expecting different results,” is usually attributed to Albert Einstein. While intended as a parable for quantum insanity...

Monetary Policy and Environmental Progress: Why Bad Money Drives Up Pollution

08/16/2022 Mises Wire Josh L. Ascough

Many people are growing concerned about pollution and its growing effects on our environment and quality of life. So much so it seems, that politicians are now taking nuclear power much more seriously...

Low Interest Rates and High Taxes Won’t Help against Inflation: The Economy Needs Savings and Real Investment

08/10/2022 Mises Wire Josh L. Ascough

With the Consumer Price Index (CPI) hitting a forty-year high of 9.1 percent, the Bank of England has responded by raising interest rates to 1.25 percent, up by 0.25 from the previous period. This...

Media

Central Bankers Are Poor Archers: The Problems and Failures of Inflation Targeting and Price Stability

01/14/2023 Josh L. Ascough

Central bankers follow inflation "target" in their pursuit of "price stability." Not surprisingly, they usually miss their targets -- quite badly -- and we now are living one of those moments.

Low Interest Rates and High Taxes Won’t Help against Inflation: The Economy Needs Savings and Real Investment

08/14/2022 Josh L. Ascough

Now that inflation is the highest it has been in four decades, the monetary authorities are trying one trick after another. Only ending artificially low interest rates will help.

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