After presiding over the biggest Federal Reserve failure in 40 years and with inflation rating as the top concern among Americans, Jerome Powell’s nomination to a second term as chairman was approved this past week by the Senate, 80 to 19. I know the usual arguments for ignoring the Fed’s
Read MoreAfter presiding over the biggest Federal Reserve failure in 40 years and with inflation rating as the top concern among Americans, Jerome Powell’s nomination to a second term as chairman was approved
Many people still blame today’s inflation on snags in globe-spanning supply chains. The chief proposed solution is to dismantle decades of globalization and bring production home. Some are also pushing for measures
As the greatest inflation spike of the last 50 years occurs, the utter failure of economists, their models and many pundits to foresee what was coming is worth highlighting. Of course, the
The fiscal and monetary policies enacted by both the Trump and Biden administrations in response to COVID-19 have encompassed an unprecedented level of government spending, with desultory impacts on our country’s economic
With some pundits advocating for price controls to fight inflation, it suddenly feels like the 1970s again. This type of overbearing intervention has never worked as marketed, something President Richard Nixon discovered
The Washington D.C. wheeler-dealers are making patsies out of the rest of us. Members of Congress get million-dollar-plus expense accounts, lifetime pensions and lavish perks, but for the greedy, that’s not enough.
Inflation has reached its highest level in decades. While we’re not yet in a situation like we had in the 1970s — and we can hope that the Federal Reserve will regain
President Joe Biden has united the American people — in disapproving of his performance, with 70% of Americans disliking the direction the economy is going and over 6 in 10 blaming him
A lot of people don’t care about the nation’s growing debt. Some believe that low interest rates for the foreseeable future essentially means a free lunch for the government. Others believe that