The Fed’s tampering with market signals undermines the process of wealth generation, thereby exerting an upward pressure on the time preference interest rate and the market interest rate.
Logical positivism holds that theory is irrelevant to the empirical results. It is the other way around; One cannot understand or interpret economic data until one has a working economic theory in place.
The Fed’s tampering with market signals undermines the process of wealth generation, thereby exerting an upward pressure on the time preference interest rate and the market interest rate.
The latest bout of inflation has exposed how central banks around the world have used easy money policies to help cover for the economic drag created by the regulatory state.
Now that inflation is the highest it has been in four decades, the monetary authorities are trying one trick after another. Only ending artificially low interest rates will help.
Now that inflation is the highest it has been in four decades, the monetary authorities are trying one trick after another. Only ending artificially low interest rates will help.
The latest bout of inflation has exposed how central banks around the world have used easy money policies to help cover for the economic drag created by the regulatory state.
Just like the USA, Mexico is being hit with high inflation. This should surprise no one, given the Mexican government's recent economic policies.
Although progressives and their allies might condemn capitalism, they rarely can define it.
Even though the Fed has been inflating the US dollar with impunity, neither the yen nor the euro can challenge the USD.
