After the dismal July jobs report, President Trump has doubled down on his efforts to pressure the Federal Reserve to lower its target overnight interest rate (FFR). Two of his proxies on the Federal Open…
Category:
Economy
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Federal Reserve Chair Jerome Powell is expected to release the details of the Fed’s framework review at this week’s annual Jackson Hole Economic Policy Symposium. The Fed’s framework specifies the objective of monetary policy —…
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Joseph Schumpeter famously said that creative destruction is the “essential fact about capitalism.” Entrepreneurs are the moving force in Schumpeter’s drama, but they are victims as often as heroes. The reason is that having an…
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Famed investor Ray Dalio makes the case in How Countries Go Broke that the United States government is too heavily indebted and that significant changes to spending, taxes, and interest rates all need to be…
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Famed investor Ray Dalio makes the case in How Countries Go Broke that the United States government is too heavily indebted and that significant changes to spending, taxes, and interest rates all need to be…
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Joseph Schumpeter famously said that creative destruction is the “essential fact about capitalism.” Entrepreneurs are the moving force in Schumpeter’s drama, but they are victims as often as heroes. The reason is that having an…
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Federal Reserve Chair Jerome Powell is expected to release the details of the Fed’s framework review at this week’s annual Jackson Hole Economic Policy Symposium. The Fed’s framework specifies the objective of monetary policy —…
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In a recent column, Paul Krugman marvels at Brazil’s Pix system, a government-run digital payment network that has rapidly overtaken other non-cash methods in the country. He uses Pix to mock opponents of central bank…
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Even though the COVID-era inflation surge is in the past, Americans are right to remain concerned about the state of our money. Contention over America’s monetary policy is nothing new, however, and sound money advocates…
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A troubling new piece of legislation continues to make its way through the British parliament. Dubbed the “Banter Bill,” the Employment Rights Bill would criminalize any speech that might be considered offensive by any passerby. …