Jack Watt

Belief in the fairy tale known as Modern Monetary Theory not only is endemic in US academic and government circles, but is also making headway in Great Britain. We are being forced to learn all over again the lessons of inflation.

European Union regulators are levying draconian new requirements for aviation fuel that will surely force up costs for airlines operating in the EU. While these new rules will have zero effect on the climate, the effects on their airlines and their passengers will be negative.

Taxing "the rich" won't make life more affordable for ordinary people. The true cause of the affordability crisis is inflation caused by central banks.