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Bureaucracy and RegulationInflationMoney and Banks
The standard narrative around current bank failures is that they occur because of a lack of regulation. Credit Suisse was heavily-regulated; that was the problem.
Defense funding policies are increasingly influenced by weapons contractors who benefit mightily off the sweat and toil of the American taxpayer.
Bureaucracy and RegulationMonetary PolicyMoney and BanksProgressivismU.S. Economy
Elizabeth Warren blames lack of regulation for the latest banking crisis. But she believes that the easy money regime that is really causing the crisis is perfectly fine.
Philosophy and MethodologyPraxeology
Some economists have tried to apply psychology to economic analysis, but psychology is not what drives economic activity.
Money and Banks
We are all poorer, even if headline price inflation is slightly lower. Slowing CPI growth does not mean lower prices, just a slower pace of destruction of the purchasing power of money.
Monetary PolicyMoney and BanksMonetary TheoryMoney and Banking
Money proper is not artifice. It is a physical "thing" of value, acquired through labor and emerging out of the needs of individuals, who through voluntary exchanges determine its value.
From race to gender to nearly everything else, decisions about what is correct or incorrect are made according to politics. This is a recipe for social destruction.
Central BanksThe FedFinancial MarketsMonetary PolicyMoney and BanksU.S. EconomyWar and Foreign Policy
Like the arsonist who then heroically fights the fire he set, the Fed is increasing its efforts to bail out banks both at home and abroad. This does not end well.