A brief look at the lives of Rousseau, Marx, Guevara, Brecht, and Sartre suggests that many of the Left’s most celebrated heroes built their philosophies on a foundation of the most repugnant narcissism, violence, and inhumanity.
Although reluctantly, current central bank governors and respected economists have ramped up their warnings that inflation is here to stay.
Index
1922Genoa conference 40
1933 Gold confiscation 41
1934 Dollar devaluation 41
Accounting
possibility of 21
usefulness of 21
Aggregate demand theory 157
Aggregate spending 162
Aldrich, Nelson 48
Anderson, Benjamin 39
Arbitrage between currencies 30
Asian savings glut 130
Asset-backed securities (ABS) 92
Austrian Theory of the Trade (Business) Cycle (ABCT) 103, 123, 125, 163–64, 194
and the yield curve 124–25
Authentication, secure 182
Average inflation targeting 97–99
This week, the Federal Reserve gave the most dovish “hawkish” statement ever, an apparent aggressive tapering that, in reality, means maintaining very low rates and massive repurchases for longer.
Inflation has skyrocketed and aggressive monetary policy is the key factor in understanding it. I already explained it in my article “The Myth of Cost-Push Inflation.” The Federal Reserve has finally recognized this and has made a U-turn in its policy of maintaining stimulus despite inflationary pressures.
Friday, December 10, New York State governor Kathy Hochul reaffirmed the state’s status as the nation’s most zealous practitioner of covid cultism with the announcement of a new statewide “vax-or-mask” mandate.
