Understanding Federal Reserve Tool Changes with Video Games

The most common news to come out of the Federal Reserve is the result of FOMC meetings and changes to the Federal Funds Rate. Jerome Powell has made news with his aggressive rate hikes that some fear will topple the economy. However, how they raise and change the Federal Funds Rate has changed over time. If one is to offer proper analysis of the Fed’s actions, we must be able to properly understand what its tools are, and how they have changed over time. The fitting target to observe is the Federal Funds Rate above.

No, “Science” Has Not Proven Mises Wrong on Socialism

In response to the many shortcomings of the Soviet Union, Mao Zedong’s China, and Venezuela, the refrain, “It wasn’t real socialism,” has emerged as a rallying cry among apologists of socialism. Some readily admit the failures of these regimes and attribute the failures to capitalism rather than socialism. Some refuse to recognize the failure whatsoever; they see these experiments as genuine instances of “real socialism” and perceive them to be unequivocal successes.