Back to the Future: Progressives Imagine the Good Old Days of Price Controls
Inflation is raging and progressives want action. What kind of action? They want to return to the 1970s regime of price controls.
Inflation is raging and progressives want action. What kind of action? They want to return to the 1970s regime of price controls.
Conventional wisdom says a country should manage its debts, but what if debt has become uncontrollable?
Inflation in Argentina is far worse than neighboring countries. It has only one cause: an extractive and confiscatory monetary policy—printing pesos without control and without demand.
African economies aren't being strangled by capitalism but by statism, which has imposed inflation, debt, and high taxes.
Janet Yellen admits she underestimated inflation, but she still does not realize that inflation is not higher prices, but the increase in fiat money that forces up prices.
The so-called Great Reset is an attempt by wealthy elites and their allies to control people's lives. Their schemes need to be both exposed and resisted.
California's progressive political classes now have a scheme to impose a single-payer system for medical care. If imposed, it will be costly but also ineffective.
Progressives believe that economies should be run by high-IQ "experts." But successful market economies require entrepreneurs with an idea and the willingness to face uncertain economic conditions.
During April 2022, year-over-year money supply growth was at 7.23 percent. That's down from March's rate of 7.41 percent and April 2021's rate of 36.8 percent.
The Federal Reserve is raising interest rates in hopes of reversing some of the inflationary damage it has done for more than a decade. Unfortunately, the Fed already has done incalculable damage to the economy.