Tag Archives: milton freidman
How the Fed Works to Spoil Your Retirement
Chicago Fed President Charles Evans wants inflation above 2 percent. Somehow he thinks this will strengthen the economy and bring about full employment. To Evans, more inflation will result in greater demand…and greater demand means more jobs. Fed policy, according … Continue reading
On Maximum Collective Welfare
“Look back over the past, with its changing empires that rose and fell, and you can foresee the future too.” – Marcus Aurelius Gradually Reducing the Minds of Men The Roman Republic was corrupted long before Marcus Aurelius came to … Continue reading
Smiling with Gratitude
The Commerce Department reported Tuesday that the economy grew at an annual rate of 2 percent in the third quarter…a downward revision from the initial 2.5 percent estimate made last month. More importantly, it was reported that after-tax, inflation-adjusted incomes … Continue reading
European Money Printing: What Could Possibly Go Wrong?
Last Friday, while many were off for Veteran’s Day, we put in a day at the office, belaboring things portentous to our clients…and by extension ourselves. Nonetheless, we paused a moment to consider the ‘all quiet on the western front’ … Continue reading
