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Booms and BustsThe FedInflation
The Fed claims 2 percent inflation promotes "price stability." However, that policy also causes the boom-and-bust cycle, which is anything but stable.
The FedInflationProgressivismGold StandardMonetary Theory
The current bout of inflation is the latest disaster in a string of disasters caused by government debasement of once sound money.
Economics is based on human action as purposeful behavior. This means when people act, they try to achieve something. It does not mean that they are always accurate or do the “right thing."
The reality of socialism is that it politicizes life entirely. How that is supposed to improve quality of life remains a mystery.
Economic PolicyThe FedInflationStrategy
The Fed's suppression of interest rates in the USA didn't just affect this nation's economy. It also drove investors to seek higher interest rates in questionable investments.
Monarchs created Europe's modern states but lost the ability to control them. Then, having grown beyond the tools that helped monarchs turn themselves into absolute rulers, "the state acquired a life of its own."
Between its political happy talk in the contrast to reality and its broken promises, whatever credibility the Fed had in the past is long gone
Economic PolicyU.S. Economy
Bottom line, it’s a recession at the moment; whether it gets worse depends on inflation, and policymakers goofing around whistling past graveyards should give anyone pause.