Keynesian economists claim that the economy needs at least 2-3% inflation in order to avoid business cycles. But these inflation rates over time are economically ruinous and they actually harm economic growth.
Most Americans have no idea of the damage that the Federal Reserve system has done to their daily lives. Unfortunately, most Americans are not particularly interested in finding out either.
As inflation gets worse in Nigeria, politicians call for price controls and other government interventions. Unfortunately, they never consider the option of free markets.
Kamala Harris is reportedly set to unveil her economic platform after an event with Joe Biden where the two plan to celebrate their administration’s economic accomplishments. But those accomplishments are not real.
It is no surprise that "inflation" is one of the major political issues this election cycle, but few know what inflation really is, let alone what causes it.
Luke Gromen told Dale Pinkert on the Forex Analytics F.A.C.E.
After a dramatic couple of days in the markets, economists and political figures are calling for the Fed to cut interest rates. But if we ever want to see an end to all this economic chaos, what we need are not lower rates or higher rates, but accurate interest rates.
Paul Krugman once claimed that inflation was necessary for relative income equality. The truth is that inflation, by creating winners and losers, increases and exacerbates income inequality.
Recently, the Biden administration introduced plans to limit increases in apartment rents to 5% annually.
