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While it is difficult to choose among them, arguably the most pernicious part of John Maynard Keynes' legacy is his misunderstanding of what savings and interest rates are, and how they related to the rest of the economy. These mistakes were passed on to his followers...
US Treasury Secretary Janet Yellen will attempt to convince the international community to increase economic penalties on Iran as punishment for the drone and missile barrage Tehran launched at Israel. Iran’s attack followed Israel’s assassination of several...
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...
On Monday, the U.S. Commerce Department announced it was awarding Taiwan Semiconductor Manufacturing Company (TSMC) a $6.6 billion CHIPS Act subsidy for the fabrication of computer microchips in Phoenix, Arizona. TSMC will also receive up to $5 billion in low-cost...
In an era marked by economic uncertainty and inflation, the insights of Friedrich Hayek, the renowned Austrian economist, resonate more strongly than ever. Hayek's essay, "Choice in Currency: A Way to Stop Inflation," offers a compelling argument for the...
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...
Last month, New York City homeowner Adele Andaloro was arrested after changing the locks on a house that had been seized by squatters. According to The New York Post: "Andaloro was charged with unlawful eviction because she had changed the locks and hadn’t provided a...
Last week, Jerome Powell & Co. met to issue an immediate decision regarding the status of the federal funds rate for March, and to provide some insight into the trajectory of monetary policy for the rest of 2024 and into 2025. As with the past few inflation...
Imagine the Catholic Church (or any person or group of people) doing what the government does every day: Everyone who doesn’t give the Catholic Church 25% of his annual income every year will be put in jail. If he resists the Jesuit officer, the officer has the right...
FOREWORD BY JAY BHATTACHARYA, MD, PHD Diary of a Psychosis is different from all other books on Covid: it traces the development of the government response as it happened, bit by bit, and subjects it to relentless scrutiny: did any of it do any good? It thereby...
