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Booms and BustsThe FedInflationBusiness Cycles
Paul Krugman recently argued that the Federal Reserve can engineer a "soft landing" for the economy as it tries to deal with inflation. Such a view ignores economic realities.
The infamous St. Bartholomew's Day Massacre was responsible for the death of thousands, but the horrible aftermath was also the beginning of religious toleration in the West.
Free MarketsSocialismWorld History
Even though liberalization of its infamously bureaucratic economy has achieved strong results, India's leftist activists and politicians are trying to reestablish collectivism.
Bureaucracy and RegulationFree MarketsLabor and Wages
Despite the decree from the federal government that labor is not a "commodity" or an "article of commerce," Leonard Read knew better.
Now that inflation is the highest it has been in four decades, the monetary authorities are trying one trick after another. Only ending artificially low interest rates will help.
Just like the USA, Mexico is being hit with high inflation. This should surprise no one, given the Mexican government's recent economic policies.
Money and Banks
It's going to take more than a 0 percent policy interest rate and a newly invented name for QE to really address years of monetary inflation.