JOIN OR RENEW TODAY
Money and BanksMoney and Banking
Given that Fed policymakers are of the view that a decline in the annual growth of prices is bad for the economy they are most likely to embark on very easy monetary policy in near future.
What matters is not price rises as such, but the increase in the money supply that sets in motion the exchange of nothing for something or "the counterfeit effect." Business cycles and recessions follow.
War and Foreign PolicyWorld History
Both the battle and the war were unnecessary, but were the products of Great Power hubris and incompetence during and after World War I.
Bureaucracy and Regulation
Tax bureaucrats are very useful in helping politicians abuse their power. Presidents have long used the IRS to harass and attack their political opponents.
Big GovernmentLegal SystemMedia and CultureThe Police StateWar and Foreign Policy
Money and BanksMonetary TheoryMoney and Banking