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Federal Reserve officials, for all of their alleged wisdom and education, have a knowledge problem. Hayek and other Austrians could have told them their grandiose plans will fail.
The FedMonetary PolicyBusiness CyclesGold Standard
Ending the string of economic crises that have occurred the past two decades will happen only when economies can depend upon sound money.
For all the positive talk, Americans are piling on more debt just as real wages are falling, job losses are mounting, and debt costs are rising. Thanks, Fed!
Big GovernmentCentral BanksU.S. EconomyBusiness CyclesPolitical Theory
A serious political discussion at the federal level would center on structural problems of war and peace, debt and the dollar, and entitlements. But America in 2022 is a deeply unserious country.
Free MarketsKeynesProgressivismWorld History
Europe is in crisis, thanks to its progressive leadership. Václav Klaus, former president of the Czech Republic, points out the problems and offers a remedy: free markets.
Economic PolicyThe FedKeynes
All too often, elite mainstream economists' policy recommendations are built on fallacies. We shouldn't listen.
Central BanksFinancial MarketsMoney and Banking
All of the excess of unproductive debt issued during the period of complacency will exacerbate the problem in 2023 and 2024.
Big GovernmentEconomic Policy
Liz Truss sought to be another Margaret Thatcher, but her ballyhooed budget numbers did not add up.