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.

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!