Money and BanksMoney and Banking
Far from being neutral, inflation leads to changes in political institutions, and these changes push up unemployment over time.
U.S. HistoryPolitical Theory
It is often argued that democracy replaces violent political changes with peaceful ones, but this is not quite as convincing as we are told.
Big GovernmentMedia and CultureWar and Foreign Policy
All of this has happened before, and all of this will happen again.
The FedMoney and BanksMoney and Banking
With an election coming, the Fed has lost its enthusiasm for raising interest rates, much to the benefit of the incumbent party.
Booms and BustsMoney and BanksMoney and Banking
There are really two types of asset-price-inflation periods. One is the "boom" type, but the other is the current "depression" type.
Regulation makes many firms larger and more bureaucratic than they would otherwise be.