By: Andrew Moran The top fear among businesses, consumers, and investors? Inflation. The U.S. annual inflation rate has topped 5%, producer prices have exceeded 7%, the personal consumption expenditure (PCE) index jumped nearly 4%, and Wall Street and Main Street surveys have revealed increased expectations for higher living costs over the next year for fuel and […]
Jerome Powell: ‘Inflation could turn out to be higher and more persistent than we expect’
The Federal Reserve, as expected, did not pull the trigger on a rate hike. Will it ever? For an economy dependent on near-zero interest rates, the central bank will probably not raise rates for another few years. But that was not the biggest event to unfolding during the July Federal Open Market Committee (FOMC) meeting. […]
#SaveTheKids: An update on the scam token
If you have not heard by now, several social media influencers peddled a Save The Kids cryptocurrency that was aimed at saving the kids. Unlike the joke coins out there these days, like Cum Rockets and Safer Moon, Save The Kids was meant to actually help children. Unfortunately, it was designed to enrich only a […]
COVID cultists not giving up, clinging to hysteria
The United States, Canada, the United Kingdom, and other advanced countries are on their way to higher vaccination rates. This is perturbing the COVID cultists, bureaucrats, and doomers. Case in point, check out these people trying to pass on some fake information on Twitter (courtesy of Tom Woods): They will never give up.
Why the U.S. government needs currency dilution, inflation to survive
Eminent economist Milton Friedman wrote that “inflation is taxation without legislation.” But is inflation even worse than what one of the greatest economists in history stated? Some say it is thievery. Others say it triggers income inequality. Either way, governments have dabbled in currency debasement for centuries. Today, central banks worldwide have printed trillions in […]