With his current timid, weak, and prevaricating position on price inflation, Powell is positioning himself as the new Arthur Burns, who did nothing to end 1970s inflation.
Many think cancel culture is an odd particularity of the Anglosphere. Unfortunately, it raised its ugly head at this year's Austrian Economics Meeting Europe held in Lithuania.
Governments never have respected rights of free speech. Today, they restrict freedom of speech and of the press and promote falsehoods in the name of "protecting truth."
Real deflation—both monetary inflation and price inflation—is necessary, and that can only be accomplished if the Fed can resist the temptation to keep doing what it's been doing since 2008
