The Fed is slowly increasing interest rates in the hopes that the economy will experience a "soft landing." However, there is no way to soften the blows about to fall on the economy.
While the current political narratives claim that only Europeans were involved in the infamous transatlantic slave trade, the Africans themselves were also major players in directing and overseeing it.
This is bad news for the administration, which has repeatedly attempted to downplay the relentless increases to the cost of living being inflicted on Americans after years of deficit spending, fueling inflationary monetary policy.
While African nations often are famous for corruption, poverty, and inflation, there is a way to bring dramatic changes to African economies: a gold-based currency.
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.
While historians paint the enclosure movement in negative terms, it actually played an important role in developing agricultural entrepreneurship.
Paul Krugman recently argued that the Federal Reserve can engineer a "soft landing" for the economy as it tries to deal with inflation. Such a view ignores economic realities.
Even as population has grown, increasing the intensive margin for agriculture has led to increased food production. This may not necessarily be a good thing.
Typical teaching on stock prices says they are little more than a random walk. But people's purposeful actions are behind every economic transactions.
Logical positivism holds that theory is irrelevant to the empirical results. It is the other way around; One cannot understand or interpret economic data until one has a working economic theory in place.
