Inflation is widely misunderstood by the public. Even economists tend to have a hard time coming to a general agreement to the true definition of inflation. When you ask the person on the street what inflation is they usually respond …
Category: Federal Reserve
Where Keynes Went Wrong – And Why World Governments Keep Creating Inflation, Bubbles, and Busts
When the world financial system failed in 2008, world governments intervened decisively. Guided by Keynesian economics teams with impeccable credentials, they intended not only to “stimulate” the economy, but to “jolt” it back to borrowing and spending as usual. All …
Are Easy-Money Policies an Obstacle to Genuinely Needed Pro-Growth Reforms? – Daniel J. Mitchell – Townhall Finance Conservative Columnists and Financial Commentary – Page full
The problem isn’t just in Europe. Like the ECB, the Federal Reserve also has tried to goose growth with easy-money policies. But that’s like pushing on a string. Maybe there are times that the financial system needs more liquidity, but …