Tag Archives: federal reserve
Pre-2020 Prices are Gone Forever
Price inflation is completely out of hand. You know this. Your dog knows it too. Still, President Joe Biden wants you to believe he’s got it all under control. Last month, for example, White House Press Secretary Jen Psaki insisted inflation is decreasing. What a crock! Continue reading
How to Fight the Investment Enemies Now Mobilizing
The lessons of 2008-09 leave many smart and intelligent people’s finances as unsuspectingly vulnerable as Paris in the spring of 1940. Treasury bills provided cover and safety when the stock market was falling in late 2008 and early 2009. This strategy may not work so well during the next crisis. Continue reading
Pipe Dream Economics
Fiscal policy, as opposed to monetary policy, is more readily understood by the average working stiff. Income taxes, budget deficits, the national debt. These are all tangible things people can grasp a hold of, if they care to. The consequences of zero interest rate policy (ZIRP) or quantitative easing (QE), however, are less obvious to the casual observer. Continue reading
One Lockdown from Disaster
Implicit to the planner’s toils, is a shared sense that they know how to spend your money better than you. At best, the central planners call your money to Washington so they can then distribute it back to your friends and neighbors. In reality, the lawmakers call your money to Washington where they distribute it to their friends and neighbors – not yours. Continue reading
