Why Stabilization Policy is Destabilizing
The call for "price stabilization" was part of the recent Republican debate. Despite its attractive appearance, having the Fed try to "stabilize prices" is a very bad idea.
The call for "price stabilization" was part of the recent Republican debate. Despite its attractive appearance, having the Fed try to "stabilize prices" is a very bad idea.
Mark suggests that you prepare yourself for big negative surprises in the economy and additional government power grabs.
There are no more rabbits for the Fed monetary magicians to pull out of their hats. In an economy addicted to artificially low interest rates, any more moves by the Fed will trigger an economic downturn.
Decades of low interest rates have ruined saving in the US economy, and banks are going to pay dearly for it.
In their war against free speech, progressive governments are now denying dissidents use of the banking system.
The vast American welfare system is imploding. Future tax revenues will not come close to meeting future obligations. Something must give.
Mark explains why an economic Crash Landing is better for workers and savers, and how it would place much of the pain on the rich, politically-connected classes.
President Biden says he is going to unleash regulators to bring more "competition" to the economy. This is an oxymoron.
The Biden administration is unleashing the USDA on small farmers, attempting to regulate them out of business. This is done to protect not the public's health, but politically connected agriculture interests.
President Biden's new student debt "relief" plan will ensure that college graduates will seek low-paying, low-impact jobs. They would have done as well or better had they not gone to college.