Tall Buildings, Mighty Crashes

On, Wednesday the DJIA took an 800 plus point beating. On Thursday, another 500 points were shed. At the same time, the mood of real estate buyers has darkened. Austrian Business Cycle Theory is proven right again.

President Trump is blaming the central bank, “No, I think the Fed is making a mistake. They’re so tight. I think Fed has gone crazy.” Just in case Chairman Powell was listening and cares, Trump repeated the “crazy” line over and over.

Yes, Inequality Is a Problem — When Caused by the Government

Listen to Ryan McMaken’s commentary on the Radio Rothbard podcast.

When the topic of inequality comes up, some libertarians and conservatives tend to approach the issues as something that doesn’t matter at all. “I don’t care about inequality,” they say. “Inequality occurs naturally, and its just an obsession of leftists...if anything it’s a good thing.”

Using this Inflation Measure, Wage Growth Isn’t Keeping Up with Inflation

As we’ve noted here in the past, the Federal reserve in recent months has begun publishing its “ Underlying Inflation Gauge “ which takes into account a broader measure of inflation than the more-often used CPI measure.

When we say “inflation” in this context, of course, we mean price inflation, and not money-supply inflation. And it may prove to be a useful measure when comparing if we wish to compare price-inflation growth to wage or income growth.