Africa’s Way Out of Monetary Colonialism
Entrepreneurial Doctors Work around Government Medical Controls
Governments have long had tight links to many lines of work including many businesses, law, and medicine.
The key way to delink from existing entanglements is to invent bypasses: new businesses like Federal Express, new products like cellular networks and private arbitration. In all cases, to make new alternatives available to customers.
Inflation, War, and Oil: How Today’s Crises Are Rehashing the 1970s
Consumer price inflation has risen to 8.3 percent in April 2022 in the United States and 7.5 percent in the euro area. This raises the question of who is responsible. In the US, President Joe Biden has argued that 70 percent of inflation in March is attributable to Russian president Vladimir Putin. The European Central Bank has suggested that the high inflation should be seen in the context of the pandemic and the Ukraine war. ECB president Christine Lagarde sees steeply rising energy prices as unrelated to the monetary policy of the ECB.
It Just Might Be Time to Listen to the Austrians
While it is sometimes portrayed as a trivial assortment of anecdotes and odd or mistaken experiments, stripped of its hyperbole and properly contextualized, behavioral economics can offer insights to Austrians seeking to optimize their own outcomes.
Nickel: How Government Alchemists Turned a Base Money Hard and Now Are Expected to Kill It.
The nickel, the once popular US five-cent coin, is known for its nickel content (25 percent nickel and 75 percent copper). It originated as a type of fiat money in that its intrinsic metal value was far less than the purchasing power stamped on it. The final act in the illustrative monetary career of the nickel is expected to be extinction, as with the penny, as inflation increases the coin’s cost of production and reduces its real purchasing power.
Federal Reserve Policies Aimed at Creating Price Stability Bring About Economic Instability
For most economists and politicians, the role of central bank authorities is to make the economy as stable as possible. What do they mean by economic stability? Economic stability refers to an absence of excessive fluctuation, so an economy with constant output growth and low and stable price inflation is likely to be regarded as stable.
Blame the FDA
One of the biggest issues this last week is countless parents struggling to find formula for their infants. The blame game started and the fingers are pointing. People are slinging accusations at everything from mothers who are not nursing to Biden feeding illegal immigrant infants before united states children.
But what is the real issue? The FDA!
The Fed: Just Doing My Job
Last week Federal Reserve Governor Christopher J. Waller wrote: Reflections on Monetary Policy in 2021, where he discussed whether or not the Fed fell behind the curve. In Fedspeak, the Fed did not raise rates fast enough to “fight inflation.”
Baby Formula: Thank Protectionists and the FDA for the Shortage
For parents who rely on baby formula—whether by choice or due to medical necessity—the nationwide baby formula shortage has become increasingly difficult to ignore. According to the Wall Street Journal, Walgreens, Target, CVS, and Kroger have all begun rationing supplies of formula.