• John Locke Update

    Interest Rates Should Be Set by the Market, Not the Fed

    posted December 2, 2019 by Dr. Roy Cordato
    If asked who sets interest rates in for the economy, most of us would answer that the Federal Reserve (the Fed) does. In other words, a government-created central authority “sets”…
  • John Locke Update

    The Myth of “Wage Push” Inflation

    posted October 25, 2018 by Dr. Roy Cordato
    Much of the economic news lately is focusing on the fact that labor is becoming a scarce commodity. Each quarter when labor and job statistics are released, we hear how…
  • John Locke Update

    “Too Much Growth” Doesn’t Cause Inflation

    posted February 15, 2018 by Dr. Roy Cordato
    If the supply of oil goes up, the price of oil and gasoline falls. If the supply of oranges goes up, the price of oranges and orange juice goes down.

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