Missing the Point: Time to repurpose Baltimore City’s greatest assets
To say that the city of Baltimore is in trouble is not exactly breaking news. It’s a long-term reality, a
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Les Cohen is a long-term Marylander, having grown up in Annapolis. Professionally, he writes and edits materials for business and political clients from his base of operations in Columbia, Maryland. He has a Ph.D. in Economics.
Author: Les Cohen
The Chicken, the Price of Eggs and the Chairman of the Fed: Using Monetary Policy to Curb Inflation
The prices of consumer products have gone up, some more so than others, because of issues in their respective submarkets. In a world of microeconomics, national, indiscriminate, macroeconomic monetary policy is a gross instrument with limited power. It’s the dumb bomb when what we need are precisely targeted policies capable of dealing delicately, but nonetheless effectively with highly variable, complex market relationships with minimum side effects.
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