The Return of the Anguish of Central Banking: Why the Fed and Inflation Go Hand in Hand
The buzz in Washington is that the Fed is "fighting inflation." But this is like an arsonist fighting the fire he started.
The buzz in Washington is that the Fed is "fighting inflation." But this is like an arsonist fighting the fire he started.
Year-over-year PPI growth came in at over 10 percent for the sixth month in a row. This will put more pressure on the Fed to "do something."
The political class is trying to pull the wool over your eyes. Government spending and debt are just as important as taxes.
During April 2022, year-over-year money supply growth was at 7.23 percent. That's down from March's rate of 7.41 percent and April 2021's rate of 36.8 percent.
The Federal Reserve is raising interest rates in hopes of reversing some of the inflationary damage it has done for more than a decade. Unfortunately, the Fed already has done incalculable damage to the economy.
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.
Conventional wisdom says a country should manage its debts, but what if debt has become uncontrollable?
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 the notion that the Fed "fights inflation." In fact, the Fed exists to promote inflation.
Do technology and machine learning portend an end to scarcity and a solution to monetary policy? Jeff and Bob discuss.