Rent control was imposed in Stockholm to "stabilize" the housing market. Not surprisingly, "stabilization" has meant housing shortages and years-long waits for available apartments.
Paul Krugman denies that the Fed artificially suppressed interest rates. As usual, Krugman neither understands interest rates nor the effects of inflationary policies.
While the economic sanctions against Russia are helping to impoverish people in that country, they are doing a lot of damage elsewhere too.
Congress enjoys exorbitant political privilege in the form of cheap deficit spending—but it may soon come to an end.
When conservatives applaud unlimited war spending, they not only harm our economy and body politic, but they give the Left a powerful talking point.
The Federal Reserve was supposed to prevent recessions that people blamed on the lack of central banking. Not surprisingly, the post-Fed recessions have been worse.
While the economic sanctions against Russia are helping to impoverish people in that country, they are doing a lot of damage elsewhere too.
Ben Bernanke once claimed that a monetary gold standard caused economic instability. He failed to mention that his fiat money standard causes the boom-and-bust cycles.
Did you feel happy when the government gave you a check paid with printed money? Watch now as your daily groceries, gas and power become unaffordable.
The United States economy may have delivered no growth in the first half of 2022 after the decline in the first quarter, narrowly avoiding a technical recession.
