The Economy May Be Finally Peaking, and the Fed Won’t Help Matters
Money Supply Growth Is Slowing—That Points to a Slowing Economy
New York State Has Imposed New Covid Rituals. This Time There’s Some Resistance.
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.
What Chicago’s Mayor Gets Wrong about Private Security
After the recent spate of retail thefts and looting, Chicago mayor Lori Lightfoot chided businesses for not doing enough to protect themselves from theft. Fox 32 Chicago quotes her:
My Favorite Antiwar Protest: A Time of Mounted Park Police and “Free Speech Zones”
I’ve attended most of the major antiwar protests in Washington since 9/11. At a 2005 protest, a cop tried to whack me on the head with a wooden pole. At a 2007 protest, I snapped a picture showing George W. Bush hanging next to the US Capitol. But my favorite protest was a potent little ruckus that I almost missed.
Welcome to a New Chapter in the Latest Boom-Bust Cycle
What lies ahead is undoubtedly a rather sensitive chapter in the boom-and-bust-cycle drama caused by US monetary policy: the US Federal Reserve System (Fed) is about to end its ultraeasy course. The reason: after many years of exceptionally low interest rates—with most real, i.e., inflation-adjusted, interest rates even in the negative territory—and a huge inflow of newly created money to the economic and financial system, goods price inflation is rearing its ugly head.
Chapter 17: An Austrian Reaction to Modern Monetary Theory (MMT)
The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy*
by Stephanie Kelton
New York: PublicAffairs, 2020, 336 pp.