Thanks to their adoring media, politicians create crises and then blame businesses for them. And the political "solutions" are worse than the original problems.
Welcome to Whose Economy Is It, Anyway?, where the rules are made up and the dollars don’t matter. Or at least that seems to be the view of the Yellen regime.
The proposed central bank digital currencies are not a new and convenient high-tech form of money. Instead, they are yet another power grab by government authorities, continuing the shameful history of government corruption of money.
Government interference into money creation and production harms the economy in a number of ways, including skewing the organization of division of labor.
Public health agencies tend to be treated like authoritative sacred cows. In reality, they have politicized health policies to the point where they really are a health hazard.
As the economy moves into recession, government and Fed officials will increase intervention. If they want an economic recovery, the best course is to permit free markets to work.
