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InflationLabor and WagesUnemployment
In a recent speech, President Joe Biden blamed inflation on businesses raising prices and told them that they needed to lower their business costs -- but boost wages. You do the math.
Economic FreedomInflationMonetary PolicyMonetary Theory
Most people—and especially most economists—not only are ignorant of what money actually is, but how and why it became part of our economy in the first place.
Big GovernmentTaxes and Spending
Since the Obama administration nationalized the student loan program, we have seen student debt metastasize. Unfortunately, the Biden administration looks to make things even worse.
Bureaucracy and RegulationThe Environment
Green energy advocates want us to believe we easily can transition from conventional fuels to renewables. In truth, such a transition not only would devastate world economies, but also is not technologically possible.
Central BanksThe FedMonetary PolicyCapital and Interest TheoryMonetary Theory
Fed chairman Jerome Powell recently claimed they were "targeting" the "neutral" interest rate. The Fed cannot set or even know that rate, for it doesn't come from government authorities.
Booms and BustsCentral BanksThe FedInflationBusiness CyclesMoney Supply
Typical economic commentary claims that deflation is a Very Bad Thing. Think again.
Booms and BustsFinancial MarketsGlobal Economy
It is easy to blame the covid-19 lockdowns for the weakening Chinese economy, but that would be a gross simplification.
France is seeing its wealth-to-income levels rise to Japan's level because it is becoming harder for people to save and build wealth.