Why Austrians Stress Ordinal Utility
David Friedman recently posted a critique of Austrian economics as laid out in the Rothbardian tradition.
The Fed Has No Real Plan, and Will Likely Soon Chicken Out on Rate Hikes
The Fed’s Federal Open Market Committee (FOMC) released a new statement today purporting to outline the FOMC’s plans for the next several months. According to the committee’s press release:
Bipartisanship: US House Races MASSIVE Ukraine Weapons Transfer to the Floor!
In Washington the global US military empire is a bipartisan affair. With a trillion dollar yearly military budget, there are plenty of opportunities for both the position and the opposition parties to thrust snouts deeply into the trough.
The Fed Is Trapped: It Has No Room to Taper or Raise Rates
Last November, the Federal Reserve System announced tapering (a gradual reduction of the central bank’s monthly asset purchases to the point of ending the asset purchase program, which means that the Fed would stop increasing its balance sheet). In December, it announced another decrease in monthly asset purchases.
