Why the Fed Is Bankrupt and Why That Means More Inflation
The Fed is insolvent, and that means that it will bail itself out by printing money. For ordinary people, that means inflation and a rising cost of living.
The Fed is insolvent, and that means that it will bail itself out by printing money. For ordinary people, that means inflation and a rising cost of living.
It is no secret that freedom, both socially and economically, are disappearing in the USA and Great Britain. The consequences will be most severe if we do not reverse these patterns.
No one will read For a New Liberty and not see the world with very different eyes afterward.
Once upon a time, the USA had sound, reliable money. Then, a small group of "really intelligent" people decided to "improve" it. We know the rest of the story.
Now would be a great time to stop pretending that the financial sector is "free market" or that price inflation and cost-of-living surges are somehow all the fault of "capitalism."
The Federal Reserve is no more "private" than the Environmental Protection Agency, and through its special government status, the Fed inflicts many economic crimes on regular people.
Remember Lady Justice, who wears a blindfold and holds the scales? She is a state creation, too, and when it comes to state wrongdoing, her thumb holds the scales down.
The move from feudalism to the relatively free capitalist societies occurred slowly, beginning with the emergence of the city-states in Italy in Medieval Europe.
For all of the political "reforms" being tossed about, the truth is that government is slowly strangling the life out of our society.
The economics discipline has devolved into statistics, models, and hard science envy. Is the profession doing any good, or active harm? Per Bylund joins Jeff and Bob to discuss.
The similar challenges facing America and Brazil, including concerns about the state of their democracies, is worthy of exploration, as is the global response to the protest and what that response means for those opposed to the current “neoliberal” international order.
Ryan and Tho talk to Mark Thornton about what to expect from the next recession and how we got ourselves into the current inflationary mess.
It's only a good time to be a worker in America if one confuses falling real wages and falling full-time employment with robust employment conditions.
We like to think of the "deep state" as a conspiratorial entity. In reality, the term describes much of what the federal government does in broad daylight.
Government and monetary authorities claim that the worst of the postcovid lockdown disruptions are past and a "return to normal" is just around the corner. It will be a very long corner.
The US government simply refuses to acknowledge that scarcity exists.
No matter the historical era, governments have excelled at one thing: debasing their own currency. Rome was no exception, as Roman government excesses required inflation—lots of inflation.
The Federal Reserve has yet to get price increases anywhere near its own arbitrary 2 percent goal, but a mild slowing in growth rates has Biden claiming that price inflation is "falling."