Inflation

Congress enjoys exorbitant political privilege in the form of cheap deficit spending—but it may soon come to an end.

When conservatives applaud unlimited war spending, they not only harm our economy and body politic, but they give the Left a powerful talking point.

A common error in economics is to label increases price increases inflation. Inflation actually is an increase in the money supply, and that increase leads ultimately to price hikes.

Real deflation—both monetary inflation and price inflation—is necessary, and that can only be accomplished if the Fed can resist the temptation to keep doing what it's been doing since 2008.

The Federal Reserve is raising interest rates and we know what follows, given there has been more than a decade of malinvestments building up: severe recession.

The Federal Reserve was supposed to prevent recessions that people blamed on the lack of central banking. Not surprisingly, the post-Fed recessions have been worse.

Ben Bernanke once claimed that a monetary gold standard caused economic instability. He failed to mention that his fiat money standard causes the boom-and-bust cycles.

Paul Krugman denies that the Fed artificially suppressed interest rates. As usual, Krugman neither understands interest rates nor the effects of inflationary policies.

After suppressing interest rates and creating asset bubbles for more than two decades, the Fed is now juicing up interest rates—and wrecking the economy.

The relative lack of inflation in Japan doesn't mean real wages haven't fallen.