Trillions - 19FortyFive
Nearly 50 years ago, in the heat of August 1971, President Richard M. Nixon issued Executive Order 11615 to impose the first wage and price controls...
Hi, what are you looking for?
Nearly 50 years ago, in the heat of August 1971, President Richard M. Nixon issued Executive Order 11615 to impose the first wage and price controls...
The best that can be said of today’s Federal Reserve meeting is that the Fed is no longer in total inflation denial. However, it...
The Federal Reserve’s repeated denial that the country might soon have a real inflation problem reminds me of the apocryphal story about the inquest...
John Maynard Keynes famously said: “When the facts change, I change my mind. What do you do sir?” One has to hope that now...
Something is very much amiss at the Federal Reserve. The Federal Reserve acknowledges that this year the U.S. economy is set to have its...
Judging by Fed Chief Jerome Powell’s recent pronouncements, today’s slightly higher than expected consumer price inflation numbers are almost certain to be dismissed by...
After a lifetime studying monetary policy, Milton Friedman famously concluded that inflation was always and everywhere a monetary phenomenon. He also concluded that monetary...
Yesterday, upon hearing Federal Reserve Chairman Jerome Powell’s Congressional testimony, Milton Friedman must have been rolling in his grave. Despite the clearest of indications...
George Bernard Shaw famously observed that he knew three types of economists. Those who were brilliantly right. Those who were brilliantly wrong. And those...
Proponents of the idea that “budget deficits do not matter”, might want to keep a close eye on Brazil’s rapidly deteriorating economic situation. Maybe...