Janet Yellen admits she underestimated inflation, but she still does not realize that inflation is not higher prices, but the increase in fiat money that forces up prices.
California's progressive political classes now have a scheme to impose a single-payer system for medical care. If imposed, it will be costly but also ineffective.
Digitization will undoubtedly bring great improvements and new opportunities for peoples’ lives. But digitization also has a downside.
Economic libertarianism, with its sole focus on government budgets and taxation, is a highly limiting political strategy. Libertarians should proceed as enemies of the state.
During April 2022, year-over-year money supply growth was at 7.23 percent. That's down from March's rate of 7.41 percent and April 2021's rate of 36.8 percent.
Forget the notion that the Fed "fights inflation." In fact, the Fed exists to promote inflation.
Economists have failed to explain the mechanism by which an inverted yield curve signals an impending recession. But the Misesian explanation of the business cycle quite easily explains the pattern we observe in interest rates.
Totalitarian societies do not become that way overnight. There are recognizable signs and stages which show how a society slides into that abyss.
Progressives believe that economies should be run by high-IQ "experts." But successful market economies require entrepreneurs with an idea and the willingness to face uncertain economic conditions.
Not since 1981 has the inflation rate been higher than May's rate of 8.6%. Meanwhile, the Fed's idea of "quantitative tightening" is cutting its portfolio 0.5% over eight months.
