America's corrupt inflationary monetary policy -- oh, I mean social media! -- is driving people out of their minds.
Monetary Policy
Lunatic With a Plan: Erdogan and Turkey’s Economic Woes
Since the first assault on Turkey’s finances in 2018, which I wrote about multiple times (here, here, and here), I’ve been the lone voice telling everyone that President Recep Tayyip Erdogan is a lunatic but he’s a lunatic with a plan. That plan is to de-dollarize the...
Money, Expectations, and Economic Growth
In various writings, Milton Friedman argued that there is a variable lag between changes in money supply and its effect on real output and prices. Friedman held that in the short run changes in money supply will be followed by changes in real output. However, in the...
The Fed Looks Increasingly Concerned About Liquidity and Growth — Even If it Says Otherwise
The Federal Reserve lowered its benchmark interest rate on Wednesday, cutting the target federal funds rate by 0.25 percent to a range of 0.5 to 0.75 percent. The Fed's rate-setting committee, the FOMC, has now cut rates three times this year. The committee's rhetoric...
The Penalty For Saving
In previous articles, we have outlined in great detail the many faults of the current monetary policy direction of major central banks and the large-scale economic impact of keeping interest rates artificially low. Among the worst offenders is the ECB, that is...
Trump, the Fed, and a Trillion Dollar Game of Hot Potato
This Tuesday, President Donald Trump further fanned the flames of his already contentious relationship with the Federal Reserve, referring to the central bank as his “biggest threat.” Fed Chairman Jerome Powell, a Trump appointee, caught the ire of the president. Of...
This Chart Explains Why the US Debt Trajectory Is Unsustainable
Earlier today we discussed a report by Goldman Sachs which, when summarized, suggested that unless something significant changes in the coming years, the current US fiscal policy will lead to a debt catastrophe. In an unprecedented warning, the bank which spawned...
3 Forces Driving Interest Rates Higher
In the past two weeks, interest rates have gone up sharply, sparking turmoil in the stock market. To take one example, the rate on 10-year Treasury bonds went from 2.66% on Jan. 26 to close at 2.85% on Feb. 12. The recent moves have brought key interest rates up to...
Blog
Podcasts
Shop Our Books
Empire of Lies: Fragments from the Memory Hole
Had Enough of the Deep State’s Warlords and War Lies? George W. Bush spent a year and a half gaslighting the American people, using the shock of 9/11 as the pretext for an unrelated war he sought long before that tragic event. Isolated incident? Not at all. Now a...
Creative Chaos: Inside the CIA’s Covert War to Topple the Syrian Government
