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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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Consistently weak monetary policies inevitably have poor growth and distributional consequences, putting political stability at risk. Civil wars and violent confrontations between countries occur in severe instances.
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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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Almost as long as paper money has existed, unbacked paper and its inflationary implications have been around.
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Almost as long as paper money has existed, unbacked paper and its inflationary implications have been around.
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The dollar's depreciation will not avert future recessions.
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The tariffs are causing far more damage than good.
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This is the thirteenth month in a row that earnings have slipped behind price inflation, with inflation remaining above 40-year highs. That is, for more than a year, ordinary people have been getting poorer.
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During a recent speech, Vice President Joe Biden blamed inflation on firms raising prices and urged them that they needed to decrease their business costs while increasing wages. The math is up to you.
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.
