After following hyper-Keynesian policies for more than two decades, the Fed is about to create the conditions that Keynesians claimed were impossible: an inflationary recession.
The control of money is extremely convenient to governments, especially to have their own central bank to buy their debt when they are out of money.
Celebrities in Western countries generally support socialism or some sort of collectivism. While they benefit from supporting collectivism, the poor people they claim to care about suffer under it.
Progressives claim that while they might acknowledge the presence of scarcity, nonetheless, we can reject a "scarcity mindset" because governments can order an end to scarcity through fiat.
For the past three decades, the result has been the same: the US economy exits a crisis with significantly more debt, lower employment growth, and slower GDP recovery.
Ryan McMaken has made a serious case for secession as a means to counter totalitarianism. David Gordon explains why this is the case.
Even with near-record inflation, the US dollar still has gained strength relative to other currencies. This does not mean that the Fed has been acting responsibly.
Austrian economists often are labeled ideologues for advocating for free markets, yet socialism requires the ideological blinders.
In a free market, short-term and long-term rates would move toward convergence. Fed interference with interest rates ensures that won't happen.
Responding to an attack on Ludwig von Mises in the socialist publication Jacobin, Professor Wiśniewski corrects the errors and sets the record straight.
