How the BOJ Created “Noninflationary” Money While Ruining the Japanese Economy
The relative lack of inflation in Japan doesn't mean real wages haven't fallen.
The relative lack of inflation in Japan doesn't mean real wages haven't fallen.
Tightening the interest rate hurts both bubble and solid businesses. The Fed should just focus on reducing the money supply.
Congress enjoys exorbitant political privilege in the form of cheap deficit spending—but it may soon come to an end.
Jeff and Bob discuss the effect of rising interest rates on Uncle Sam's ability to service debt—and promote the increasingly less radical idea that a default on Treasury debt is both inevitable and good.
Janet Yellen admits she underestimated inflation, but she still does not realize that inflation is not higher prices, but the increase in fiat money that forces up prices.
Janet Yellen admits she underestimated inflation, but she still does not realize that inflation is not higher prices, but the increase in fiat money that forces up prices.
By late 2021, fueled by trillions in newly printed money, gasoline prices had surged to ten-year highs. Now, even in inflation-adjusted terms, gasoline prices are surging to new highs.
Year-over-year PPI growth came in at over 10 percent for the sixth month in a row. This will put more pressure on the Fed to "do something."
Do technology and machine learning portend an end to scarcity and a solution to monetary policy? Jeff and Bob discuss.
While politicians claiming to be "fiscally responsible" call for balanced budgets, the real drag on the economy is government spending itself.