There is an untold story in American monetary history. Some are reluctant even to discuss it.
I’m referring to the US Secret Service’s very own role in the destruction of sound money in America.
Two weeks ago, I wrote an article laying out the political class’s struggle to preserve its legitimacy by fighting to regain control over the digital information space.
Chairman of the Federal Reserve, Jerome “Jay” Powell, recently sent mysterious shock waves into financial markets with comments that suggested that Fed rate cuts might come sooner than expected.
In the realm of macroeconomics, a legion of PhD economists in central banks passionately contends that interest rates are a pivotal policy tool for managing the economy. Simultaneously, these economists firmly uphold that the Consumer Price Index (CPI) is an accurate gauge for measuring inflation—a widespread acceptance of this CPI as a valuable metric.
The current theoretical state of macroeconomics should be classified as negative knowledge, akin to asserting that the earth is flat. One should have a better understanding of macroeconomics before delving into the topic.
Today’s Jewish Taliban is not the Israel I grew up in.
So-called social media is frequently maligned for the nastiness it brings, with focus often set on the personal attacks and trolling that tend to haunt potentially reasonable discussions. X (formerly Twitter) is supposedly the worst, on which people engage in endless mudslinging and bullying. However, the other platforms are not better.
Many economists claim that economic growth is driven by increases in the total demand for goods and services, additionally claiming that overall output increases by a multiple of the increase in expenditures by government, consumers, and businesses. Thus, it is not surprising that most economic commentators believe that a fiscal and monetary stimulus will strengthen total demand, preventing the US economy from falling into a recession.
