Central Banks

Janet Yellen admits she underestimated inflation, but she still does not realize that inflation is not higher prices, but the increase in fiat money that forces up prices.

By late 2021, fueled by trillions in newly printed money, gasoline prices had surged to ten-year highs. Now, even in inflation-adjusted terms, gasoline prices are surging to new highs.

The buzz in Washington is that the Fed is "fighting inflation." But this is like an arsonist fighting the fire he started.

Forget the notion that the Fed "fights inflation." In fact, the Fed exists to promote inflation.

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.

Janet Yellen admits she underestimated inflation, but she still does not realize that inflation is not higher prices, but the increase in fiat money that forces up prices.

Digitization will undoubtedly bring great improvements and new opportunities for peoples’ lives. But digitization also has a downside.

The proposed WHO Pandemic Treaty is nothing less than an exercise in medical totalitarianism. Welcome to the rule of the medical bureaucrat.

The specter of stagflation is with us again despite Keynesians' claims that a new bout of inflation will lower unemployment. What causes it?

Jeff and Bob discuss a recent interview with IMF economist Manmohan Singh in the context of central banks co-opting digital technology for bad ends.