By: Robert Aro It’s almost as if Federal Reserve governor Lael Brainard read the February 11 Mises article “The Fed and ‘Maximum Employment’” and then rebutted with a class lecture at Harvard two weeks later. Whereas the Mises article starts by cautioning that maximum employment is used to justify the state’s interventions in our lives, […]
Archives for March 2021
Jerome Powell sinks the market with inflation admission
Would you like inflation here or there? For weeks, Federal Reserve Chair Jerome Powell dismissed inflation concerns, despite some of his colleagues warning that inflation could be around the corner. Even with rising Treasury yields, he shunned the very idea that rising price inflation is on the horizon. Well, he has ostensibly had a change […]
California benefits the most from Biden’s $350 billion COVID-19 bailouts for states
After handwringing over legislation that would inevitably pass, the American people are finally getting a glimpse of what is inside the $1.9 trillion American Rescue Plan Act of 2021. The U.S. Senate will vote soon. Within the bill, the country learns who the top beneficiaries are for the $350 billion COVID-19 bailouts for states, cities, […]
The coming stock market crash?
By: Andrew Moran A year ago, the financial markets were infected with the coronavirus. Black Mondays, dead cat bounces, falling knives, and billions of dollars in liquidation dominated the business headlines. Twelve months later, equities are at record highs, commodities have been supercharged into a supercycle, cryptocurrency’s journey to the moon is back on, and armchair investors are beating the […]
LOL: Paul Krugman thinks too much choice is bad for America
Let’s be honest: If you’re reading a Paul Krugman column, you’re not perusing it out of an earnest pursuit for intellectual honesty and curiosity. You’re doing it for the hilarity. His latest blog post is an example of watching a Michael Bay picture: Each word you consume, you shatter some little gray cells. Krugman recently […]