The Federal Reserve raised its funds rate on Wednesday by a quarter percent. The 4.5–4.75 percent rate amounts to the highest in 15 years. Despite this, and Wednesday’s hike becoming the eighth consecutive one, Chairman Jerome Powell explained that “we…
In the final week of 2022, we Americans can foresee two significant economic risks in 2023. The first one is a probability that the Federal Reserve will get weak-kneed and stop raising interest rates before inflation is truly under control….
While Americans were doomscrolling through election results on the morning of November 9, something more consequential than the Democrats’ potentially holding the Senate was unfolding: an ominous round of tech layoffs. According to internal documents, Meta (formerly Facebook, Inc.) is…
The difference between Sam Bankman-Fried’s cryptocurrency exchange and Uncle Sam’s legal tender appears one of degree and not of kind. Investors present at the creation of FTX now possess nothing or next to nothing of their original investments. The same…
Debate now rages about whether the Federal Reserve should continue to raise interest rates to tame inflation or slow down these hikes and see what happens. This is not the first debate we’ve had recently about inflation and Fed actions….
The consumer price index (CPI) rose 8.2 percent year-over-year in September. Fuel oil jumped 58 percent, new vehicles climbed 9 percent, and electricity spiked 16 percent. The guts of the Bureau of Labor Statistics report show why this round of…
The Federal Reserve continues to impose tighter money as a cure for inflation while refusing to indict looser money as the cause of it. The Federal Open Market Committee (FOMC) this week offered “supply and demand imbalances related to the…
Here’s how it happened. The economy was overheating in terms of prices because of big jumps in oil and gas prices, caused largely by shortages in hydrocarbons because of shutdowns in energy minerals’ production. These were caused by fantastical claims…
The federal government continues to place harmful burdens on the American economy: tariffs, deficit spending, regulation, and excessive money supply, which is the primary cause of inflation. Inflation is the worst possible burden for members of the lower and middle…
