The Fed

For all of the talk about "our democracy," there is a better way to protect the lives and property of people than just electing politicians. It is called sound money.

The "official" definition of a recession is a two-consecutive-quarter decline in GDP, but there are problems with GDP measurement in the first place.

Between its political happy talk in the contrast to reality and its broken promises, whatever credibility the Fed had in the past is long gone

When inflation hits, we see higher overall prices for everyone. But inflation hits lower-income people the hardest, and they bear the brunt of this tax.

Between its political happy talk in the contrast to reality and its broken promises, whatever credibility the Fed had in the past is long gone

When inflation hits, we see higher overall prices for everyone. But inflation hits lower-income people the hardest, and they bear the brunt of this tax.

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.

"All of Keynesian thinking is a tissue of distortions, fallacies, and drastically unrealistic assumptions."

Powell said that moving forward "we think it's time to just go to a meeting by meeting basis." Translation: "Things might go even more off the rails at any time, so let’s just play it by ear."

With inflation making workers poorer, and with midterm elections looming, Janet Yellen is doing damage control by arguing over the definition of "recession."