Alexander William Salter
The Hill
Lubbock, TX, United States
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Past articles by Alexander:
Mandate drift at the Fed is par for the course
We got the Fed largely because its boosters promised it wouldn’t become the very thing it is today. → Read More
That’s Not Real Socialism!
Is America having a socialist moment? Democrats are more likely than ever to embrace the label. Republicans strongly condemn it. Both sides agree that socialism is a live issue. They’re wrong. → Read More
Inflation Is More Complex Than You Think
To fully understand it, we have to distinguish between its demand- and supply-side causes. → Read More
50 years ago the U.S. closed its gold window, triggering the failure of our monetary system
Today is the 50th anniversary of fiat money in the United States. On Aug. 15, 1971, President Richard Nixon closed the gold window, meaning the U.S.... → Read More
How to stop a flip-flopping Fed
Federal Reserve Chairman Jerome Powell can’t seem to make up his mind. Earlier this year, he was unconcerned — almost dismissive — about the risks of... → Read More
Freedom is not a treasure to hoard but an inheritance for Americans to pass on
Three weeks separate the anniversary of the Constitution’s ratification from our commemoration of independence from Great Britain. There’s something poetic... → Read More
Politicians hate Big Tech, but they haven’t explained why big is bad
The American political class is increasingly skeptical of Big Tech. Both right and left are displeased with Alphabet (the parent company of Google), Amazon... → Read More
How inflation hides our real economic problems
Everybody’s worried about inflation. Year-over-year price increases reached 5% in May. Market watchers and financiers are on red alert. Sen. Ted Cruz... → Read More
A Public Letter of Concern about the Federal Reserve
The Fed's growing interventions in non-economic-policy areas could impede its efficacy. → Read More
There’s No Need to Panic over Inflation
Inflation in the 3–5 percent range, so long as it’s temporary, is no cause for panic. → Read More
By supporting Trumpism, the GOP is in danger of losing libertarian support
The American right has been a coalition of libertarians and traditionalists, united against the common foe of a domineering and unaccountable government.... → Read More
To 'lower the temperature' raise commitments to federalism
Instead of 50 different organs of policymaking and 50 different governments providing a counterbalance to the federal government, we increasingly ask Washington to handle all our problems. → Read More
The Federal Reserve Doesn’t Set Interest Rates
It is a basic truism of financial journalism that the Fed determines rates from on high. From the Wall Street Journal to the New York Times, central-bank control over interest rates is so thoroughly accepted that it’s hard even to think about things any other way. Alas, it just isn’t true. → Read More
Why the Real Villain of 2020 Was Big Government
For progressives and so-called ‘national’ conservatives who support big government, 2020 represented the ultimate test for their philosophies. The COVID-19 crisis put left-wing and right-wing statism on trial—and both were found guilty of ill-intent and gross incompetence. → Read More
Making a Point with Moon Rocks
The goal of NASA's program is to create precedent. The rules for using and transferring space resources, which historically have been fuzzy, just became a little more concrete. NASA’s purchase of moon dirt is a clever strategic move to nudge space policy in a pro-commerce direction. → Read More
‘Zombie Reaganism’ Is Alive and Well
Trump can thank the charismatic cadaver whose lingering presence ensured his presidency was not a complete disaster. Zombie Reaganism is alive and well, thank goodness. The GOP should think twice before writing its obituary. → Read More
How Will Joe Biden Handle Outer Space?
Biden has a history of supporting space exploration, but hostility to the private sector and an emphasis on climate science could limit his successes there. → Read More
SpaceX Success Proves the Final Frontier Is Open for Business
The previous space age, with Apollo 11 as its crowning achievement, was almost entirely government-driven, but private companies will necessarily play a much greater role in the coming space age. → Read More
Confirm Judy Shelton to the Fed Board of Governors
Shelton’s contrarian views would ensure that the Board confronted hard questions head on. Rather than impede effective monetary policy, Shelton would improve it by raising the level of debate and discussion. → Read More
Elon Musk’s Martian Way (Empire not Included)
It’s entirely appropriate to consider corporate-led exploration and development of outer space. Kudos to Elon Musk for raising the issue, and for taking meaningful steps toward innovative space governance. → Read More