Category Archives: Inflation
Lost in Extrapolation
In the late 1970s the impossible happened. Inflation and unemployment simultaneously went vertical. The leading economists of the day were flummoxed. The Phillips curve said there’s an inverse relationship between inflation and unemployment. When unemployment goes down, inflation goes up. … Continue reading
Potato Sack Economics
Fiscal policy, as opposed to monetary policy, is more readily understood by the general populace. Income taxes, budget deficits, the national debt. These are all tangible things the average working stiff can grasp a hold of, if they care to. … Continue reading
Brazilian Model for Wealth and Prosperity
Booms and busts fueled by cheap credit are incredibly disruptive. What’s more, they’re exacerbated by central bank efforts to smooth out the business cycle. Rather than rounding the peaks and tapering the bottoms, monetary policy, as currently executed, has the … Continue reading
Command and Control Economics
Goldman Sachs, Larry Summers, and the global financial alliance got their way last Thursday. Fed Chair Janet Yellen rolled over and slobbered on herself like a yellow Labrador…offering more ZIRP to please her masters. Savers, seniors, and freedom lovers the … Continue reading
