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.
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.
In 2023, self-employment has collapsed again with year-over-year self-employment growth dropping by 6.5 percent.
There are several causal factors operating on interest rates and in different directions.
Our political and cultural elites have gaslighted us on inflation for years. To learn the truth, read the Austrians.
Ryan and Robert Aro take a look at the Fed's unconvincing explanation of why it has chickened out on interest rate hikes
As Washington cheers the so-called budget deal, the real problems loom. Liquidity issues are next.
Curing deficits by raising taxes is equivalent to curing someone's bronchitis by shooting him.
The Fed's latest attempt to correct the inflation it caused is putting the market on a crash course.
With each iteration of the banking crisis, the Federal Reserve System and federal regulators gain in power and authority. Maybe the banking crisis isn’t an accident.
It's fitting that the G7 recently met in Hiroshima because the policies they are following are blowing up the world economy.