The theory of real business cycles won a Nobel Prize, but it ultimately confuses cause with effect. Original Article: “Are Technology Shocks Responsible for…
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The Biden Administration’s Ignorant Energy Policies: Higher Gas Prices Are Only the Beginning
While Americans angrily grit their teeth while filling their gas tanks, the very first United States special presidential envoy for climate said:…
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Today, inflation has reached a 40-year high, in response to fiscal profligacy and accommodative monetary policy. Direct cash payments to individuals and…
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The Fair Tax is a supposed alternative to the income tax. But the name does not matter, since a tax is still…
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When the United States in 1982 was mired in the worst recession since the end of World War II, supporters of President…
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The Federal Reserve’s Federal Open Market Committee (FOMC) today announced an increase of 75 basis points to the target federal funds rate,…
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Inflation is at a forty-year high, fuel prices are wreaking havoc, and there’s no end in sight. Time for Biden to tell us…
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Even after Admitting She Underestimated Inflation, Janet Yellen Still Doesn’t Understand What It Is
According to the June 1, 2022, Financial Times, Janet Yellen, the US Treasury secretary conceded she was wrong last year about the path…