Well, here is something that any contrarian can say “I told you so.” Federal Reserve Bank of Minneapolis President Neel Kashkari stated that the headline unemployment rate is deeply flawed as a measurement of joblessness. You think? “It’s not clear that something like black unemployment rate could be targeted to improve racial equity but the […]
Austrian Economics
MONEY PRINTER GO BRRR: Central banks will bring the world economic stagnation
By: Sam Peterman “Our country continues to face a difficult and challenging time….People have lost loved ones. Many millions have lost their jobs. There is great uncertainty about the future. At the Federal Reserve, we are strongly committed to using our tools to do whatever we can, for as long as it takes…to ensure that […]
PRINT THE MONEY: New economics is about control of the printing press.
By: Jörg Guido Hülsmann The essential fallacy of John Maynard Keynes and his early disciples was to cultivate the monetary equivalent of alchemy. They believed that paper money was a suitable means to alleviate the fundamental economic problem of scarcity. The printing press was, at any rate, under certain plausible conditions of duress, a substitute […]
As America burns, the left pushes modern monetary theory (MMT)
By: Andrew Moran It is bedlam in America, and the left is exploiting the pandemonium to institute their treasure trove of socialist goodies. The progressives have enrolled in Rahm Emanuel’s school of thought of “never letting a crisis go to waste,” promoting one of the many causes du jour that have already been disqualified from serious discussions […]
As volatility returns, did the Federal Reserve break the stock market?
By: Andrew Moran Walk away from the bulls in a china shop. Excuse yourself from the two bears at a dinner party talking about stocks. The stock market is broken, and you can thank the Federal Reserve for turning the arena into a Three Faces Eve monstrosity. The U.S. central bank has intervened in the equities ecosystem since its […]