Western Economies Are Self-Destructing with Inflation, Debt, and Taxes
Although reluctantly, current central bank governors and respected economists have ramped up their warnings that inflation is here to stay. However, while it took officials ...
Tuesday, November 12, 2024
Tag: Mises
Covid Lockdowns Will Be Remembered as One of the Greatest Policy Failures Ever
Lockdowns were one of the “greatest peacetime policy disasters of all time,” concludes Professor Douglas Allen in a paper just ...
When Fiat Currency Stops Being Money
Most emerging and developed market currencies have devalued significantly relative to the United States dollar in 2021 despite the Federal Reserve’s aggressive ...
Since 2008, Monetary Policy Has Cost American Savers About $4 Trillion
With inflation running at over 6 percent and interest rates on savings near zero, the Federal Reserve is delivering a negative 6 percent real (inflation-adjusted) ...
The Federal Reserve’s Assault on Savers Continues
The front-page headline in the Wall Street Journal on October 14 says it all, “Inflation Is Back at Highest in over a ...
The Inflation Lie: ‘Shortages’ Aren’t Causing It. Money Creation Is.
For central bankers and mainstream analysts the recent inflation outburst is only a transitory phenomenon which has nothing or very little to ...
The Enduring Relevance of Mises and Hayek’s Critique of Socialism
In my previous column I summarized Ludwig von Mises and F.A. Hayek’s explanation of why full-on socialism is destined to cause mass ...
You’ll Be Shocked to Learn There’s Corruption at the Fed
Fed Chaiman Jerome Powell has decided the Fed ought to “review” its ethics policies after it was revealed that high-ranking ...
Treasury Department Seeks to Track Financial Transactions of Personal Bank Accounts Over $600
In May, the Treasury Department released the Biden administration’s revenue proposals for fiscal year 2022. One aspect of this document that ...
The Political Alchemy Called Modern Monetary Theory
The new kid on the economics block is something called modern monetary theory. The name is new, but the "theory" is ...
