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Almost as long as paper money has existed, unbacked paper and its inflationary implications have been around.
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Almost as long as paper money has existed, unbacked paper and its inflationary implications have been around.
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The dollar's depreciation will not avert future recessions.
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The tariffs are causing far more damage than good.
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This is the thirteenth month in a row that earnings have slipped behind price inflation, with inflation remaining above 40-year highs. That is, for more than a year, ordinary people have been getting poorer.
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During a recent speech, Vice President Joe Biden blamed inflation on firms raising prices and urged them that they needed to decrease their business costs while increasing wages. The math is up to you.
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The recent depreciation of the pound is the latest in a long line of traumatic incidents for successive UK governments. British politicians were repeatedly confronted with the terrible threat of currency depreciation during the postwar era of 'fixed but changeable' exchange rates.
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That has to hurt.
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The existing monetary and fiscal policies are self-destructive.
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Many believe that regulating Big Tech cedes leadership to China, yet the best protection for America is a thriving startup environment.