Many see the World War II project to build an atomic bomb as a template for government action to solve what appear to be national economic problems beyond the scope of private enterprise. The analogy fails on several levels.

First of all, the Manhattan Project was not an economic problem per se. It was a military development and procurement problem. There was and still is no commercial demand for a weapon of mass destruction.

Federal Reserve policies attempting to promote economic and price stability are a major cause for the recent acceleration in the consumer prices’ rise. According to popular thinking, the central bank is supposed to promote both steady economic growth and price stability, the economy perceived as a spaceship that occasionally slips from stability to instability.

In the early morning of July 6, an explosion damaged the Georgia Guidestones. Because of the damage, the rest of the monument was demolished for safety reasons. At this writing, it seems that the explosion was the result of purposeful sabotage.

Since retiring from Frostburg State University in Maryland, I have reflected not only on my more than three decades of teaching college economics in numerous places, but also on how to best teach economics. This is important, as millions of students in college and high school take economics yet all too often are presented a false or misleading picture of what economics really is.

Nearly a year ago, former New York Times Journalist Alex Berenson was permanently banned from Twitter for writing the following lines about the Covid shot: “It doesn’t stop infection. Or transmission. Don’t think of it as a vaccine. Think of it—at best—as a therapeutic with a limited window of efficacy and terrible side effect profile that must be dosed IN ADVANCE OF ILLNESS. And we want to mandate it? Insanity.”

With Thursday’s release of the Federal Reserve’s balance sheet data, we finally see how much they were able to reduce assets in the month of June. The current plan is to reduce US Treasuries (UST) holdings by up to $30 billion a month and Mortgage-Backed Securities (MBS) by $17.5 billion a month, for June, July and August.