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Central BanksMoney and BanksCapital and Interest TheoryPraxeology
The typical mainstream economic view of interest rates ignores an important factor: individual time preferences.
Will Japan ever change course on its negative interest rates? Only if voters begin to realize that the lack of inflation to date in Japan is simply good luck.
Big GovernmentWar and Foreign Policy
With members of Congress claiming that the Russian invasion of Ukraine somehow threatens the US homeland, it is time to tell the truth about the military threats to this nation.
Is it too much to hope that the current inflation will "burn out" via similar mechanisms that have reined in inflation in the past?
U.S. EconomyWorld History
It is theoretically possible that through huge gains in productivity, the US could escape inflation and stave off a recession. But don’t count on it.
Do the low inflation rates mean that the purchasing power of Japanese and Swiss citizens has increased relative to other countries over time? The answer seems to be no.
Money and Banks
Saudi Arabia could flee to gold or cryptocurrencies to escape the money-printing machine, but it won't replace the US dollar with an inferior fiat currency.
War and Foreign Policy
The United States is no longer in any position to remake the world in its image. It's not 1945 or even 1970. Yet the US seems to be gearing up to bully half the world into compliance with the US Russia sanctions.