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InflationThe FedMonetary Policy
The most important insight of the Fed's move to increase its inflation target is this: central banks don't much like to follow "rules." They make the rules.
Those who advocate for a "weak dollar" to encourage trade with American firms show how little confidence there is in American industry. Meanwhile, cheapening the dollar punishes savers and ordinary workers.
Booms and BustsInflationTaxes and Spending
Since government creates nothing itself, all interventions are nothing more than transfers of wealth for the benefit of some and the destruction of wealth for everyone else.
At best, lockdowns have deferred death for a short time, but the lockdowns cannot possibly be continued for the long term.
Other Schools of Thought
There are many reasons we should be skeptical of the GDP statistic. But it is nonetheless important to understand how it is calculated.
After years of working as a DC journalist, Bovard found that "the more oppressive the government acted, the more slavish the press became."
U.S. HistoryWar and Foreign Policy
"If [the draft bill] is passed, the House will be shoving down the throats of the American people the despotic concept of 'Theirs not to reason why; Theirs but to do and die.'"
Does Trump not realize that if people do not get back to work, there will be no recovery at all?