As artificially low interest rates damage the economy, progressives in Congress demand more of the same. In the vernacular, they want the economy to “take the hair of the dog that bit them.” Of course, this only makes things worse in the long run—which is where we are today.
Like so many other places where politicians promise something for nothing, Argentina has imposed rent controls in the name of “affordable housing.” President Milei is doing what he can to repeal these policies.
As artificially low interest rates damage the economy, progressives in Congress demand more of the same. In the vernacular, they want the economy to “take the hair of the dog that bit them.” Of course, this only makes things worse in the long run—which is where we are today.
While Vivek Ramaswamy was unsuccessful in his Republican presidential primary bid, at least he helped to demystify the Federal Reserve. This is not the usual political rhetoric the public receives.
A recent CNN broadcast claimed that deflation was bad for the economy and that we need to adjust to higher prices. As usual, the journalistic “experts” got it backward.
On this episode of Radio Rothbard, Ryan and Tho are joined by Karl-Friedrich Israel to discuss the economic conditions in Europe.
While government officially measures inflation using weighted averages incorporated into the Consumer Price Index, in truth it is impossible to establish an average price level. It really is the proverbial apples-to-oranges comparison.
In his recent State of the Union speech, President Biden called out private enterprise for what he calls “shrinkflation” and “greedflation.” If he wishes to know who is responsible for this phenomenon, he should look in the mirror.
While Vivek Ramaswamy was unsuccessful in his Republican presidential primary bid, at least he helped to demystify the Federal Reserve. This is not the usual political rhetoric the public receives.
