Monetary Policy

The call for "price stabilization" was part of the recent Republican debate. Despite its attractive appearance, having the Fed try to "stabilize prices" is a very bad idea.

The Nigerian government should have seen the economic disaster the eNaira would cause. They didn’t, and chaos and rioting followed.

Keynesians claim that the source of economic growth is consumer spending. Austrians know that net savings are the key to a growing economy.

There are no more rabbits for the Fed monetary magicians to pull out of their hats. In an economy addicted to artificially low interest rates, any more moves by the Fed will trigger an economic downturn.

Decades of low interest rates have ruined saving in the US economy, and banks are going to pay dearly for it.

Autoworkers are angry at their working situation and are striking for higher wages and a shorter work week. Their anger is misdirected.

Autoworkers are angry at their working situation and are striking for higher wages and a shorter work week. Their anger is misdirected.

Keynes denounced monetary gold as "a barbarous relic." In the end, it will be that "barbarous relic" that overthrows the regime of paper currency.

As the national debt explodes and the federal government ramps up borrowing and spending, borrowing costs increase as well. Ordinary Americans will suffer the effects in due time.

Supposedly, the "big news" is the decline of inflation. However, the monetary and political forces driving the latest bout of inflation have not gone away.