The sway of ideological legacy

Regarding the ultimate nature of reality, at least, neither the general consensus of a culture nor the special consensus of a credentialed class should be trusted too readily, especially if it cannot justify itself except by reference to its own unexamined presuppositions. So much of what we imagine to be the testimony of reason or […]

Why interest rates matter

Some context: I find that almost no one understands what interest rates are and what the Federal Reserve did last week when it “left rates unchanged.” But interest rates are important. Below is my brief, basic explanation of what interest rates are, what the Federal Reserve is doing when they set interest rates, and why […]