After Secession, What Happens to the National Debt?
What happens to the debts depends not only on negotiations between the successor states, but also on…
Continue readingRyan McMaken
The Fed Just Got Rid of Forward Guidance Because It’s Making It Up as It Goes
Ultimately, it’s all just more tinkering, and what the Fed should be doing is…
Continue readingU.S. Treasury Secretary Yellen: “Recession” Doesn’t Mean What You Think It Means
Yellen wants to keep the word “recession” out of the headlines, but if wages continue to fall behind inflation, and if…
Continue readingHow the World Embraced Nationalism, and Why It’s Not Going Away Soon
Nationalism still appears to have a lot of life left in it…
Continue readingInflation Hits 9.1% After Months Of Empty Talk At The Fed
The Biden Administration and the Fed are likely to keep touting the job numbers with increasing desperation in an effort to convince people that the economy…
Continue readingWhat Will It Take to End Rampant Home-Price Inflation?
Real deflation, both monetary inflation and price inflation, is necessary, and that can only be accomplished if…
Continue readingThe Fed Is Winging It: A 75 Basis-Point Hike “Seemed Like the Right Thing”
If the Fed continues as it’s going, we’ll need to get used to declining real wages and…
Continue readingDebt-Fueled Demand and Oil Price Inflation Brings Airfares Roaring Back
It’s all just one more way that the cost of living for ordinary Americans is…
Continue readingDon’t Be Fooled: The World’s Central Bankers Still Love Inflation
It’s important for central bankers to sound hawkish, even if their actual policy moves are extremely…
Continue readingInflation Up, Wages Down as Biden Passes the Buck to the Do-Nothing Fed
Inflation is so high in America that we’re now supposed to believe that inflation is “moderating” if it doesn’t go above 8.5 percent. That, at least, was…
Continue readingA “Softish” Landing? The Fed’s New Plan Is Too Little, Too Late
To get a sense of how far behind the curve the Fed is on this, we can look at…
Continue readingDisney’s Corporate Welfare Is Modern Mercantilism
In modern times, deals like the Disney deal are just corporate welfare schemes in the form of…
Continue readingExpect Washington To Throw A Fit Over China’s New Deal
We should expect Washington to respond with hostility to other states doing exactly what the US does…
Continue readingReal Wages Fall Again as Inflation Surges and the Fed Plays the Blame Game
Now we’re at the stage of indulging in a blame game…
Continue readingBiden Admits That Sanctions Don’t Work and They Make Us Poorer
The White House thinks it’s fine to shrug and say, “Hey, food shortages are just the price you little people gotta pay!”…
Continue readingWill Biden Sanction Half the World to Isolate Russia?
It is becoming increasingly apparent that isolating Russia and totally cutting it off from the global economy is not going to be easy…
Continue readingPrice Inflation Hit A New 40-Year High in February: No, It’s Not “Putin’s Fault”
The Democrats, since they are assumed to be “in power”, will need some sort of scapegoat for inflation, since it continues to…
Continue readingYes, the US Has Its Own “Sphere of Influence.” And It’s Huge
Perhaps the most important first step is to stop deluding ourselves about the US being some sort of uniquely virtuous nation that would never, ever stoop to…
Continue readingThe U.S. Ban On Avocados Imported From Mexico Shows The High Cost Of Nontariff Protectionism
The fact that a US regulatory agency can unilaterally end imports from Mexico, coupled with the fact that…
Continue readingWith Inflation at a 40-Year High, the Fed Is Too Afraid to Act
It’s hard to imagine the Fed’s dovish faux hawkism will amount to something that can do anything to rein in inflation much, unless, of course, the Fed…
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