Myth #6: There Is a Tradeoff between Unemployment and Inflation
Ideologues seldom give way to the facts.
U.S. Economy
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Two More Elephants in Your Electric Vehicle
On this week's episode, Mark summarizes some problems with taxpayer-subsidized EVs.
Socialists Should Support Government Default: Their Forebears Certainly Did
Socialists like Bernie Sanders have decried the possible US government debt default. Marx and Lenin would have vociferously disagreed.
The Backstops for Banks Are Full of Holes
The Federal Home Loan Bank (FHLB) is the latest "weapon" in the government's so-called arsenal to keep the banking system afloat. But the system needs much more than just "liquidity." It needs sound money and sound banking practices.
The FTC Is Wrong about Mergers and Monopoly, Yet Again.
The Federal Trade Commission is unwisely trying to block a merger between Microsoft and Activism. The result is more monopoly and higher prices.
Default by Inflation Is the Real Drama in the Global Debt Market
While the faux debt ceiling drama rages in Washington, DC, governments worldwide are defaulting on their debt via inflation.
Myth #5: Economists, Using Charts or High Speed Computer Models, Can Accurately Forecast the Future
People are contrary cusses whose behavior cannot be forecast precisely in advance.
The Mystery of the Inverted Yield Curve
Many observers have dismissed the significance of the yield curve inversion in 2022.
The MMT-and-Bailey Fallacy
The latest rage in macroceonomics is modern monetary theory, whose adherents invariably resort to the motte-and-bailey fallacy. Advocating inflation is never a good idea.
