Monetary Policy

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

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

The ruling class is claiming that free markets are nothing more than a "trickle-down" scheme. But a free market system really does serve society best.

With his current timid, weak, and prevaricating position on price inflation, Powell is positioning himself as the new Arthur Burns, who did nothing to end 1970s inflation. 

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.