Easy Money and Hard Economic Times
Editors’ Note: As the article below indicates, a new magisterial history of interest rates and central banking has been published. The author, Edward Chancellor wrote a previous book just before the last great financial crash called Devil Take the Hindmost, which was extremely timely if not prescient. This new book is extremely critical of current […]
Economic Truths, Perennially Forgotten
In 2021, Treasury Secretary Janet Yellen assured Americans that recent inflation was “transitory.” Back in 2017, Yellen, then Chairman of the Federal Reserve Board, hinted there would not be another financial crisis “in our lifetimes.” Maybe she got that idea from Morgan Stanley boss James Gorman, who in 2013 put the chance of a crisis […]
Neo-populism is a path to European-style economic stagnation
Neo-populism is a philosophy that pretends to be innovative and more economically efficient than free market capitalism. True believers in neo-populism are described as neo-populists. But on economic policy, they are much more akin to traditional progressives. They believe that they know how best to most efficiently allocate capital in an economy that approaches $30 trillion in […]
Our Smart but Stupid Economic Masters
A review of The Lords of Easy Money: How the Federal Reserve Broke the American Economy, by Christopher Leonard, Paperback Edition, Simon & Schuster Paperbacks, 2023, 373 pages. Your neighbors might object to you reading The Lords of Easy Money. That’s because it’s a book that will make you want to go outside and howl at the moon, given […]
Schumer’s Revived Border Bill Promises ‘Orderly’ Flood of Economic Migrants
Democrats are reinvoking Thursday’s Senate vote on a border bill that was rejected in February in an effort to blame Republicans for their unpopular economic policy of mass illegal immigration. Democrats are also using the debate to try to drown out the domestic immigration debate about the damage of President Joe Biden’s cheap labor immigration […]
Nearly 3 in 5 incorrectly believe US is in economic recession: Survey
A new survey finds that a majority of Americans incorrectly believe the country is in a recession. harris poll, done for the Guardianfound that nearly three in five respondents say the U.S. is in a recession, even though experts say there hasn’t been a single recession since 2020. Ta. A recession is defined as a […]
Without Economic Freedom, None of the Others Matter
[One Fine Spring Day, Over the Phone…] “Oh, and by the way, your background check says there’s a warrant out for your arrest.” This is not, mind you, the kind of thing one expects to hear updating teaching credentials in a very staid University bureaucracy. Nevertheless, there it was. “Oh?,” I retorted, a bit stunned. […]
D.C.’s Democrat Mayor Heading to Las Vegas on ‘Economic Mission’
Washington, D.C. Mayor Muriel Bowser (D) is heading to Las Vegas on an “economic mission” after enjoying the Georgia Masters Golf Tournament on taxpayers’ dime. Mayor’s website announced On Friday, Bowser was scheduled to attend a meeting of the International Council of Shopping Centers (ICSC), which seeks to attract retailers to the nation’s capital. Washington, […]
Putin and Xi visit China’s ‘Little Moscow’ as allies seek to cement economic ties – follow live updates | China
important events Show only major events Please turn on JavaScript to use this feature The Russian leader’s two-day visit to China came at the request of his country’s military. launched an offensive About 8,000 people were forced to flee their homes in northeastern Ukraine’s Kharkiv region last week in the largest border incursion since the […]
Chinese Professor With World Economic Forum History Leads Critical Race, Gender Theory Research On Children At ASU, NAU
A professor hailing from China with a World Economic Forum (WEF) background is behind critical race and gender theory research on children at two of Arizona’s taxpayer-funded universities. Sonya Xinyue Xiao teaches psychological science and performs developmental research on moral and gender development at Northern Arizona University (NAU). Xiao was a postdoctoral scholar at the […]