Money and Banks

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Brendan Brown

Progressives are fond of telling us that we are under a "social contract" with the government, in effect justifying whatever abuses authorities inflict. Putting up with massive inflation is the latest iteration of this so-called contract.

Ryan McMaken

The Fed's entire "strategy" can be summed up as "hike 'til it breaks, cut 'til it inflates." That's the best all those PhDs at the Fed have managed to come up with. 

Ryan McMaken

US central bankers are guilty of much, but it's not their fault that central bankers elsewhere are so often even worse and have made their currencies weak compared to the dollar. 

Ryan McMaken

Congress tells the Fed to maximize employment and also have low inflation. But in reality the Fed usually chooses to ignore inflation and instead "stimulate" employment with inflation.