Looking at the Economic Myth of the “Soft Landing”
Paul Krugman recently argued that the Federal Reserve can engineer a "soft landing" for the economy as it tries to deal with inflation. Such a view ignores economic realities.
Paul Krugman recently argued that the Federal Reserve can engineer a "soft landing" for the economy as it tries to deal with inflation. Such a view ignores economic realities.
The Fed's suppression of interest rates in the USA didn't just affect this nation's economy. It also drove investors to seek higher interest rates in questionable investments.
Paul Krugman recently argued that the Federal Reserve can engineer a "soft landing" for the economy as it tries to deal with inflation. Such a view ignores economic realities.
Biden has declared that the USA has "zero inflation" at present. Austrian economists say, "Not so fast."
Typical teaching on stock prices says they are little more than a random walk. But people's purposeful actions are behind every economic transactions.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop look at the rhetoric surrounding the Federal Reserve.
Bob and Jeff unravel the corrosive and nonsensical policy of "inflationism," and consider its deep cultural effects.
Inflation is not a product of corporate greed or rising wages. It is a fraud perpetrated by government authorities that impoverishes average people while enriching elites.
The Fed’s tampering with market signals undermines the process of wealth generation, thereby exerting an upward pressure on the time preference interest rate and the market interest rate.
The value of the US dollar has risen during the Ukraine war. If peace breaks out, the dollar might be one of its casualties.