It’s a waste of words to say the central planning that underlies Fed conceit always fails, not to mention that the surest path to lower prices is economic growth as is.
The Boundless Foolishness Underlying ‘Soft Landing’ Mythology Read More »
That markets are incredibly stupid is pretty much implied in all the Federal Reserve commentary from the various economic religions. Think about it.
The Fed As the Inflation Fix? Sorry, But Markets Aren’t That Stupid Read More »
Talking to the New York Times recently, AEI’s lead economist in Michael Strain observed that “good news” for the Fed would be a recession. Since the credentialed near unanimously believe that job loss and bankruptcy are the cures for inflation, it’s up to those short on credentials but mildly long on common sense to correct an impoverishing narrative – over and over again – that just won’t die.
The Discredited Phillips Curve Cannot Be Discredited Enough Read More »
To say that Harvard’s Jason Furman believes mass unemployment and bankruptcy is the answer to inflation is a waste of words.
Economists, and Their Comical Search For a Higher ‘Inflation Target’ Read More »
The story on Russia these days is that the economy is booming, with inflation breaking out as a consequence of all the government spending that is said to be stimulating the economy.
The Russians Have Stolen Our ‘Whip Inflation Now’ Buttons Read More »
