Fueled by panic over a weak July jobs report and a one-day crash in global stock markets, an unstoppable growing chorus arose among the political establishment calling for the Federal Reserve Bank to cut interest rates. The reality is that interest rates, as...
In recent years, the specter of inflation has loomed large over the global economy, fueled by unprecedented monetary stimulus measures and supply chain disruptions. As prices have surged, concerns about the erosion of purchasing power and the threat of runaway...
My old friend Michael Malice just shared an AP headline on Twitter that read: "Who wouldn't like prices to start falling? Careful what you wish for, economists say." Malice's commentary: "The corporate press is the enemy of the people." He's right, of course. If they...
In recent times, accusations of "price gouging" have become prevalent, often targeting producers utilizing strategies like dynamic pricing and “shrinkflation.” Such accusations, echoed by political figures including President Joe Biden, overlook the intricate dynamics...
The Bureau of Labor Statistic (BLS) released new jobs data on Friday. According to the report, seasonally adjusted total nonfarm jobs rose 339,000 jobs in May, well above forecasts. The unemployment rate rose slightly from 3.4 percent to 3.7 percent (month over...
Bernie is at it again folks. Recently, the Democratic senator proposed that the government confiscate all the money that a person makes above $999 million. This came about from an interview with Chris Wallace discussing his new book, It’s OK to Be Angry About...
According to the St. Louis Fed, there are three functions of money. First, as a store of value. Second, as a unit of account. Finally, as a medium of exchange. The enumeration of these functions represents an attempt to present money and the banking system as...
In March 2018, The New York Times ran an op‐ed about the Economic Growth, Regulatory Relief, and Consumer Protection Act (the Economic Growth Act). The piece claimed the bill “would roll back or eliminate parts of the Dodd‐Frank Act.” Fast forward to March 2023,...
Over and over, U.S. government officials and their mainstream media allies called Russia’s 2022 invasion of Ukraine an “unprovoked attack.” The slogan became so overused that people began to ask the obvious question: Why do they protest so much? In Provoked: How...
