Inflation

Rather than contributing to a "soft landing," raising interest rates will continue to destroy wealth.

Forget Biden's claim that his government is "fighting inflation." His government is creating inflation, and in so doing robbing people of their savings and earnings.

When Paul Volcker was Fed chairman forty years ago, he did what was necessary to bring down inflation. Unfortunately, the current Fed leadership at best is engaging in Volcker Lite.

As prices rise, many people—including economists, who should know better—claim that price increases are inflation. They are not.

June was the fifteenth month in a row during which price inflation outpaced earnings growth. June's gap is also among the biggest we've seen in decades.

Rather than contributing to a "soft landing," raising interest rates will continue to destroy wealth.

The Keynesians running our economic life may be reassured that the Fed cannot fail in a technical sense, but the public should be appalled.

Forget the talk from Biden and economists like Paul Krugman. Double-digit inflation is here, and it will be with us for a while.

Mortgage companies and realtors are today's canaries. They're in deep trouble, and so are the rest of us. 

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