Inflation

It is commonplace in American media and among so-called economists to conflate “inflation” with relative price increases.

There is no doubt that investments in artificial intelligence are increasing, but is this due solely to its economic promise or is it part of a financial bubble?

Ninety years ago, John Maynard Keynes dismissed gold as a “barbarous relic” and recommended the pursuit of paper money. Today, we see the inflationary fruit of the poisonous tree.

Joshua Mawhorter revisits the American Revolution and shows how fighting the war on state-centric terms, with inflation and price controls, fed a nationalist counterrevolution.

Until it deals with a radical and serious reckoning with the broken structure of their modern national governments, supported by compliant central bankers, we should continue to expect the 2020’s to be a crazy decade for politics throughout the West.

As the midterms helped demonstrate, the post-covid inflation crisis and both parties' disinterest in actually solving it has put incumbents at a tremendous disadvantage. And that has become the defining political dynamic of the 2020s.

As the midterms helped demonstrate, the post-covid inflation crisis and both parties' disinterest in actually solving it has put incumbents at a tremendous disadvantage. And that has become the defining political dynamic of the 2020s.

The recent awarding of the Nobel Prize for Economics to Robert E. Hall and Michael Woodford shows that the Keynesian paradigm is alive and well. That is bad news for everyone else.

If anyone should be able to understand that statism is no substitute for sound economics, it would be an economist. Many of them—and especially those at elite universities—shill for inflation and unbridled state power.

Thanks to government elites, the only thing that matters is money, as the Federal Reserve has been creating it in ruinous amounts, pretending it is being responsible.