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Persistently loose monetary policies always have negative growth and distributional effects that impair political stability. In extreme cases, there are civil wars and armed conflicts between countries.
Economic PolicyInflationUnemploymentWar and Foreign Policy
Everything from huge Keynesian "stimulus" policies to the war in Ukraine is dovetailing in a bout of stagflation: the simultaneous growth of inflation and unemployment.
The latest Keynesian money-printing and spending schemes are blowing up. It is time to hear what the Austrians have to say.
DemocracyWar and Foreign Policy
Trying to interpret the actions of Vladimir Putin or politics in Russia using Western narratives is likely to end in failure.
The presence of American companies in foreign nations was once seen as a sign of American superiority and an instrument of American cultural power. Not anymore.
CapitalismEconomic FreedomInterventionismPricesValue and Exchange
The absence of market discipline in medicine cannot last. Governments and the medical cartel have successfully used fear to maintain control. Fear has kept the masses from rising up. Until now.
Janet Yellen, who once was the nation's chief inflationist, now says that poor women need easy access to abortion because inflation might work a hardship on them.
InflationMonetary PolicyGold Standard
Nickel is a base metal the government used to replace silver. Since then, the government has inflated so much that even nickel is too valuable for US coinage.