Back to the Future: Progressives Imagine the Good Old Days of Price Controls
Inflation is raging and progressives want action. What kind of action? They want to return to the 1970s regime of price controls.
Inflation is raging and progressives want action. What kind of action? They want to return to the 1970s regime of price controls.
The buzz in Washington is that the Fed is "fighting inflation." But this is like an arsonist fighting the fire he started.
One of Google's latest projects has been the development of LaMDA (Language Model for Dialogue Applications), an artificially intelligent chatbot generator. Alas, Google has created another "woke" monster.
Peter Schiff once joked that Obama should have appointed Bernie Madoff secretary of the Treasury. The government's easy money policies ultimately lead to Ponzi schemes.
The Mauritius government still denies Chagossians independence, continuing colonial policies.
Conventional wisdom says a country should manage its debts, but what if debt has become uncontrollable?
The Beltway is no place for loyalty.
Anyone who doubts whether we are in a recession can stop doubting. The Fed's reverse repos show that we're headed for a crash.
Forget Jerome Powell's fanciful "soft landing" or the notion that the Fed can pull another rabbit from its hat. The banking system is headed for a crash and monetary authorities likely will make things worse.
African economies aren't being strangled by capitalism but by statism, which has imposed inflation, debt, and high taxes.