U.S. Economy

Kevin Warsh may talk tough, but Mark Thornton argues the Fed’s real mandate hasn’t changed: finance Washington, protect Wall Street, and let inflation grind down everyone else.

The president has declared that he loves inflation. What economic fallacies is he likely adopting that leads to this conclusion?

Because government monetary authorities have been interfering with interest rates for decades, investors have no more confidence in the bond markets, as they expect more interference and more unpredictability.

The president has declared that he loves inflation. What economic fallacies is he likely adopting that leads to this conclusion?

Because government monetary authorities have been interfering with interest rates for decades, investors have no more confidence in the bond markets, as they expect more interference and more unpredictability.

Elon Musk becoming the world’s first trillionaire has triggered a familiar round of progressive outrage. But the imprecise focus on wealth distribution obscures the real issue: how much of modern wealth is acquired through politics rather than production.

When inflation surges, the first thing on the government's agenda is for the Federal Reserve to try to force up interest rates. However, as Frank Shostak writes, that might not be the best strategy.

That wasn’t a misquote; Trump actually said I love the inflation—do take a moment to let that sink in.

When inflation surges, the first thing on the government's agenda is for the Federal Reserve to try to force up interest rates. However, as Frank Shostak writes, that might not be the best strategy.

Mark Thornton reviews John Mearsheimer’s Why Do Politicians Lie? and connects political deception abroad to the Fed-driven distortions now warping markets, money, and the working class.