Power & Market
The Fed’s Favorite Price Index Just Hit the Highest Level Since January 1982
The personal consumption expenditures price index rose 6.8%, the biggest 12-month move since the 6.9% increase in January 1982.
Congressional Term Limits: How Short Should They Be?
Members of Congress spent less time in Congress in the past. Holding Senators to a single term or a House member to 2 terms would move averages back to where they were 150 years ago.
Will the Fed Bring Back That 70’s Show? Stay Tuned
Those who don’t learn from the past, as the old adage goes, are doomed to repeat it.
Progressives’ Automaticity Kills (and Kills and Kills)
Proto-Progressives didn’t stand back and let a
Is There an Alternative to Central Banking?
There’s a saying on Wall Street referring to the stock market that “all correlations go to one in a crisis.” Perhaps more accurately, all correlati
Little Cracks Here and There
Imagine living under one of the 19 nations in Europe who share the same currency and have little to no autonomy over their own monetary policies.
ECB’s Long Journey into Currency Collapse Just Got a Lot Shorter
The launch of the ECB's new bond-buying scheme won't save the euro. In fact, it will drain, rather than bolster, confidence in European money.
Despite Societal Collapse, Sri Lanka Reports Zero Covid Deaths and Launches Currency “Monitoring Unit”
Nothing is so permanent as a temporary government program. - Milton Friedman