Interventionism

Noam Chomsky's latest offering—a series of interviews—presents the best (and worst) of one of America's premier public intellectuals.

The Biden administration has decided that the REAL problem with housing is that the wrong people are saving money and making timely mortgage payments. They must be punished.

In a slave system, threats of brutality underlay the whole relationship.

Despite the soothing hot air from the White House and Fed officials, the financial system is becoming increasingly fragile and unstable. Maybe all of that intervention the past decade was not wise.

Monetarists believe there is an optimum growth rate of money. However, a fiat money system itself is unstable, so there is no optimum growth rate.

It is the right of the consumer, not the regime, to determine what lighting sources work best for them.

Our taxes are due today. It's a reminder that we must get past the tax reformers’ favorite ploy of revenue neutrality.

The role of commercial banks in money creation is made more clear by the fact the Fed is primarily interested in creating demand deposits rather than cash. This creates a larger foundation on which commercial banks can pyramid a multiple creation of bank deposits, or "checkbook money."

Thanks to their adoring media, politicians create crises and then blame businesses for them. And the political "solutions" are worse than the original problems.

Welcome to Whose Economy Is It, Anyway?, where the rules are made up and the dollars don’t matter. Or at least that seems to be the view of the Yellen regime.