Keynesians claim that tax cuts are good because they help increase consumer spending. But here's why this doesn't matter.
When the Nixon administration ended the dollar's ties to gold, it was yet another sad chapter in the US government's abuse of its currency. And the government learned nothing.
The value of the US dollar has risen during the Ukraine war. If peace breaks out, the dollar might be one of its casualties.
The "official" definition of a recession is a two-consecutive-quarter decline in GDP, but there are problems with GDP measurement in the first place.
For now, the dollar seems to be doing well against other currencies, but how long will that last?
Development economists often confuse natural resources with wealth and then are puzzled when countries rich in resources experience widespread poverty. Free markets lead to creation of wealth, period.
Between its political happy talk in the contrast to reality and its broken promises, whatever credibility the Fed had in the past is long gone
When the Nixon administration ended the dollar's ties to gold, it was yet another sad chapter in the US government's abuse of its currency. And the government learned nothing.
When inflation hits, we see higher overall prices for everyone. But inflation hits lower-income people the hardest, and they bear the brunt of this tax.
