Federal Reserve Policies Aimed at Creating Price Stability Bring About Economic Instability
While Fed policies openly try to make prices "stable," the central bank actually is creating economic instability and an impoverished economy.
While Fed policies openly try to make prices "stable," the central bank actually is creating economic instability and an impoverished economy.
Why did Barbados postslavery develop a more robust economy than Jamaica even though the people had similar ethnic backgrounds?
While people speak of "freedom" for the people of Ukraine, Western political leaders have used the invasion as an excuse to crack down on free speech.
Popular economic wisdom says central banks can counter harmful effects of inflation by raising interest rates. Unfortunately, such moves carry their own forms of misallocation of resources and capital.
With the shortage have come the usual half-baked bromides about "evil corporations" and how they aren't regulated enough. The real fault lies with welfare statists, Trump-style protectionists, and the FDA.
Since the early 1960s, African nations have gained political independence from colonial powers, but the monetary colonialism of fiat money continues.
Enforceable and accepted private property rights can help bring some solutions to the acrimonious debate over transgenderism and transgender rights.
Sanctions are promoted as a response to international aggression. Yet, sanctions themselves are a form of aggression that, like war, usually have unhappy endings.
With inflation still near forty-year highs, this is the thirteenth month in a row during which earnings have fallen behind price inflation.
The Keynesian "stimulus" policies were suppose to reinvigorate the economy. Instead, they have brought stagflation.