Liberty
How Milton Friedman Can Save Us from Worsening Inflation
As we enter July of 2022, Americans all over the country will begin their July 4th preparations. They will soon be confronted once again with the harsh reality of elevated…
Money supply
Budget, Taxation & Economy
No Such Thing as “Wage Push” Inflation
If all wages, the cost of production, and prices are going up, i.e., if there is inflation, where does the money come from?
Research Brief
Budget, Taxation & Economy
Government Spending Is the Cause of, Not the Antidote for Record Inflation
The U.S. government printed and spent trillions of dollars in stimulus, causing record inflation. The economy is listing from too many dollars chasing a stagnant supply of goods. Inflation is…
Liberty
An insider admits that we’ll face high inflation
As you read in this article, the president of the Federal Reserve Bank of Philadelphia acknowledges that the prodigious money creation by the Fed in the last few years is…
Budget, Taxation & Economy
Reporter’s metaphor highlights economic confusion
According to this morning’s News & Observer (from AP), the combination of increased taxes and expiring unemployment benefits will “suck $165 billion out of the economy next year.” I can…
Liberty
Gas at $4? We ain’t seen nothin’ yet
So argues J. Kevin Meaders in this essay published by the Ludwig von Mises Institute today. The prodigious increase in the money supply, he contends will easily boost the price…
Liberty
Duh: Mortgage Rates Up
Might hit 6 percent by the end of the year. What do you think that might do to housing markets locally? The Fed is ending some of its subsidies to…
Liberty
On the Obama/Geithner bank plan
It won’t do any good, argues Mises Institute scholar Frank Shostak here. What the US needs is more production of goods and services consumers want (not the doodads politicians find…
Budget, Taxation & Economy
State unemployment figures highlight ineffective government strategies
RALEIGH — The latest increase in North Carolina’s unemployment rate should signal government leaders to stop pursuing policies that have no chance of improving the economy. That’s the assessment of…
Liberty
Inflation returns as a political issue
Even “low” inflation, the 2% sort we have experienced in recent years, erodes the value of savings, but people stopped paying attention to it as a political issue. Now that…
Liberty
Inflation causes economic turmoil
The connection between inflation (that is, increasing the money supply; increasing prices are a result of inflation) and economic turmoil has been the subject of writing by economists for more…
Liberty
Reisk, return, and the Fed
The September 3 issue of Fortune Magazine looks at the return of risk on Wall Street. It seems some people forgot that borrowers can default, so that even with tightening…