A Dark Side of Inflation
When the Federal Reserve inflates the money supply, the resulting debasement of people’s money is reflected in the higher prices that people are paying for things they need or want. Already, everyone is seeing, for example, significantly higher prices for gasoline at...
Partisan Hackery Blinds People to the Real Problem
Federal Reserve Chairman Jerome Powell recently went to Capitol Hill and testified before a House committee. The questions asked by Republicans and Democrats along with their accompanying spin once again spotlights typical partisan hackery in Washington D.C. And...
Big Government and Big Inflation
April’s 4.2 percent past year increase in the Consumer Price Index is not likely to dissuade the Federal Reserve from continuing its policy of near-zero interest rates. Fed Chairman Jerome Powell believes the rising prices are just a temporary phenomenon caused by the...