Italy’s Covid Despotism Just Got Worse
Under PM Mario Draghi, the Italian government has issued new edicts designed to make life even more difficult for anyone who doesn't comply with every aspect of the state's covid regime.
Under PM Mario Draghi, the Italian government has issued new edicts designed to make life even more difficult for anyone who doesn't comply with every aspect of the state's covid regime.
Like new money, knowledge spreads unevenly through the economy in a kind of Cantillon effect. Here's what that means for different market actors
Blockchain technology might be useful in forcing banks to be more transparent in how they handle reserves.
"I get the impression that these people … believe the threat of inflation pales in comparison to climate change and racial inequities."
The US benefits in no way from a war with Russia. Fortunately, many Americans are less than enthusiastic.
Does free banking encourage fraud by tolerating fractional reserves? Here's a summary of the debate.
If a politician has no clue about what causes price inflation, she probably isn't going to have any idea about how to fix the problem.
A general decline in prices is good news for wealth generators, since deflation means the economy is cleaning out its bubble-fueled, wealth-destroying activities.
As much as we may wish to substitute government edicts for markets, the fact is no amount of government control can overturn the realities of economic law.
Powell repeatedly emphasized that the Fed must remain flexible about monetary tightening. Translation: we don't know what's happening and we're likely to reverse course at any time.