The size of new houses has shrunk since 2015. (Houses are still two-thirds larger than they were 50 years ago.) But will local governments let developers build smaller, simpler, more affordable housing?
So how about it, Mr. Powell? A real economy operates without ultra-low interest rates and activist central bank stimulus.
It turns out that workforce participation drops off significantly once it becomes possible to live off a government pension instead. Thus, pension policies have placed an enormous burden on those who still have to work.
Keynes once suggested that "the Government should have people dig up holes and then fill them up.” The UBI is the same thing, but we just skip the digging.
The Fed and the ECB have taken two different paths since the 2008 crisis. Here's what you need to know.
The Bank of Canada's official mandate to promote the “the economic and financial well-being of Canadians,” isn't compatible with the Bank's real mandate which is apparently to look out for the good of a small number of powerful banks.
Since 2008, China has amassed a mountain of debt, and continues to operate countless "zombie" companies and money-losing factories.
The Green New Deal blames cattle for creating too many greenhouse emissions. Presumably, the solution lies in allowing the federal government to dictate the number of cows allowed on farms and ranches. This wouldn't be the first time we've seen such a scheme.
MMT boils down to government using its monopoly over money to dictate and control production, obliterate free markets, suppress private enterprise, and impoverish the people.
The Fed is prepared to squeeze out what little is left of the free market forces in the debt market. The Fed wants full control so it can do "whatever it takes" to keep interest rates from rising above its very-low targets.
