Central banks, and especially the Federal Reserve System, continue to churn up inflation and the boom-and-bust cycles—in the name of "stabilizing" the economy.
Some blame high prices, wages, the Ukraine war, or the weak recovery. The fact is currency destruction is at the heart of generalized price rises everywhere.
While the usual characters praise central banks for supposedly bringing economic stability, Dr. Shostak explains that their presence makes things unstable because they break the relationship between saving and lending.
Today, we see Russian athletes, artists, and musicians punished because of their government's invasion of Ukraine. The last time Russia invaded another country, President Jimmy Carter decided to punish American Olympic athletes.
When there is increased money coming into an economy from somewhere, the first recipients benefit. They spend it according to their preferences and benefit from the new money, while others who only face higher prices are hurt.
Antiracist training involves confessing one’s thought crimes, reporting on friends for "wrong ideas," and other "reeducation" methods familiar to the Stalinists of old.
