Cecil Bohanon & Nick Curott: Higher government spending has fueled inflation
When the money supply increases faster than the output of goods and services, people spend the excess money. This causes prices to rise and the value of money to fall.
When the money supply increases faster than the output of goods and services, people spend the excess money. This causes prices to rise and the value of money to fall.
With all due respect to our Keynesian colleagues, discouraging saving is bad policy.
Here are three simple tests for any claim: Does the claim sound plausible? Does the claim check out? Is there a cogent theory behind the claim?
When the U.S. government “weaponizes” the dollar, the certainty of dollar redeemability is eroded, as is its desirability as a currency.
One little heralded change was when the Fed moved in 2019 from a two percent inflation target to a two percent average inflation target.
In our opinion, the only reason inflation expectations aren’t higher is that the Fed hasn’t lost all credibility in its commitment to lowering inflation.
Ongoing access to resources is necessary for any broadcast, publication or communications network to be viable.
It is important to recognize that the dollar value of production of final goods in an economy is not identical to the well-being or living standard of the residents of the economy, although the two are inevitably related.
Founded in 1997, the trust owns and maintains a collection of over 1,500 first or early editions of great books and manuscripts, mostly published before 1900.
A federal price gouging law would not lower inflation because it does nothing to address its cause.
During the current recovery, the Fed has abused its discretion, purchasing trillions in Treasury bonds and mortgage securities, flooding the economy with money and credit.
To reduce the use of fossil fuels, it is rather obvious current users will have to find substitutes for its current uses.
Few public policies are as broadly popular as the proposition that infants should have access to baby formula.
The home gardener/canner is pretty much just as reliant on his fellow humans and market exchanges as those who get their produce at Walmart.