From the darkened cinema to the football field to the airport screening line, the US government inflated the actual threat of terrorism and the necessity of an aggressive military response.
Some fed officials simply shrugged off what was an obvious conflict of interest when they traded stocks and real estate holdings while making policy. The rules don't apply to central bankers.
In Shakespeare’s Rome, Cantor helps us to understand why Shakespeare was not only a great writer but a great political thinker as well, and that is no mean achievement.
The covid regime has extended and deepened the epistemic crisis inaugurated by postmodernism and practical postmodernism. Science has devolved into a series of non sequiturs backed by force. Science has become postmodern.
Petrou's new book on monetary policy details how the Fed's turn toward QE and ultralow interest rates have done wonders for billionaires while impoverishing millions of ordinary people.
Without establishing the underlying causes of boom-bust cycles, employing policies in response to changes in economic indicators to counter economic cycles is likely to destabilize the economy.
When a politician says "do the right thing," what he means is "do what I say, or else."
Thanks to private property, trade, and the Industrial Revolution, there isn't much to be gained from wars among rich countries anymore. But things are different in the developing world.
MMT is a pseudoreligious conviction that anything is possible and that the one and only solution is always Glorious Government.
Much talk about the central bank's policy centers on whether the target interest rate is above or below the "natural rate." Unfortunately, we will never know what the natural rate is.
