Printing and raising taxes are not social policies. It is profoundly anti-social, as it destroys the middle class and makes the economy weaker. Raising the debt ceiling is also extremely negative for the middle class because it means more taxes.
The new governments in Chile and Colombia are announcing policies that resemble those of the “Peronist left” in Argentina and the Fernandez government in Argentina is looking more like Maduro’s Venezuela each day.
During September 2022, year-over-year (YOY) growth in the money supply was at 3.92 percent. That's down from August's rate of 4.54 percent, and down from September 2021's rate of 7.02 percent.
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.
