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Raise your hand if you're surprised that the trillions of dollars spent on COVID-19 relief led to billions of dollars in government waste, fraud, and abuse. I'm not, but you might think that this kind of carelessness with taxpayer money has never happened before based on recent news stories. Sad to say, this kind of waste and fraud are common in most government programs.
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Covid lockdowns, money pumping, and attempts to impose a new green economy are all having an effect. This will not be forgotten any time soon.
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Following the housing bubble of 2008, the government allegedly established a fail-safe mortgage program to avert future bubbles. It didn't work.
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Janet Yellen, the nation's former chief inflationist, now claims that impoverished women need easy access to abortion because inflation could put them in jeopardy.
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The dollar's depreciation will not avert future recessions.
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The Federal Reserve has declared that it will begin reducing its balance sheet and boosting interest rates. However, the Fed's actions announced on Wednesday are extremely cautious. The Federal Reserve is significantly behind the curve.
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By highlighting erroneous inflation figures, central banks will not be able to determine the best policies.
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Marx and Engels are not only anti-capitalist. They observe that by limiting everything to monetary exchange, the reality of exploitation became more visible.
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Following a year of soaring inflation, Russia's war in Ukraine is forcing policymakers and commentators to take stock. The days of thoughtless demand stimulus, guaranteed bailouts, and active climate measures must now be put behind us, according to new macroeconomic realities.
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Theoretically, the US might avoid inflation and avoid a recession by achieving massive productivity improvements. However, do not count on it.
Raise your hand if you're surprised that the trillions of dollars spent on COVID-19 relief led to billions of dollars in government waste, fraud, and abuse. I'm not, but you might think that this kind of carelessness with taxpayer money has never happened before based on recent news stories. Sad to say, this kind of waste and fraud are common in most government programs.
