The Fed’s So-Called ‘Inflation Fight’ Was a Big, Fat Non Sequitur
The Fed began raising “interest rates” on March 16, 2022. At the time the dollar price of gold was $1,936. 525 basis points worth of hikes later, the dollar price …
John Tamny
What’s the Problem, and Why Is Harming Banks the Solution?
“Only in Washington” is so trite, yet sad truth can be found in what’s so trite. Always looking in the rearview mirror, bank regulators at the Fed are calling for …
With Its Focus On Amazon’s E-Commerce Heft, the FTC Looks To the Past
When Henry Ford incorporated his eponymous car company, he promised to create an automobile for “the great multitude.” Before Ford, cars were rarer than incredibly rare millionaires. That Ford made …
The Fed As the Inflation Fix? Sorry, But Markets Aren’t That Stupid
That markets are incredibly stupid is pretty much implied in all the Federal Reserve commentary from the various economic religions. Think about it. Members of the Austrian School imagine that …
Why Retirement Will Be Rendered Extinct By Abundance
Some things just jump out at you. And for jumping out at you, demand to be written about. Two weeks ago the Wall Street Journal ran a front-page story about …
Twitter’s 280-Character Tweets Reject the Modern Inflation Definition
The average length of a word in the English language is 5 characters. Within the previous anecdote exists a simple, albeit thorough rejection of the Phillips Curve that informs most …
Why Are Free-Market Thinkers So Fearful of CBDCs?
As this column routinely states, discussions of money would be much more useful if the talkers actually knew what money was. So many don’t. Evidence supporting the previous claim is …