After presiding over the biggest Federal Reserve failure in 40 years and with inflation rating as the top concern among Americans, Jerome Powell’s nomination to a second term as chairman was approved this past week by the Senate, 80 to…
Trillion Dollar Triage: How Jay Powell and the Fed Battled a President and a Pandemic — and Prevented Economic Disaster, by the Wall Street Journal’s Chief Economics Correspondent Nick Timiraos, is a page-turning paean to Fed Chairman Powell and the central…
As the greatest inflation spike of the last 50 years occurs, the utter failure of economists, their models, and many pundits to foresee what was coming is worth highlighting. Of course, the biggest malfunction in the story was that of…
Federal Reserve Chairman Jerome Powell admitted Tuesday before the Senate Committee on Banking, Housing, and Urban Affairs that inflation is “running very far above our target.” “This year, in all likelihood, we’ll be normalizing policy,” he continued. “We’re going to…
Sound money is the goal of all citizens and free-market economists which is constantly undermined by the federal government and the Federal Reserve. As the French economist Frédéric Bastiat said in 1848, “Once false money (under whatever form it may…
The American Farm Bureau Federation estimates a Thanksgiving dinner for 10 at $53.31, a 14 percent increase from last year and by far the most expensive meal in the 36-year history of the holiday survey. Do not blame farmers for…
Tuesday’s unexpected inflation data could throw a wrench into the Biden administration’s big spending plans. The Labor Department’s latest report indicates that the consumer price index (CPI), the leading inflation indicator, rose 5.4 percent in June compared to the same…
The Federal Reserve Bank (the Fed) and the Biden administration are systematically undermining the stability of the American economy with a variety of unwise and destructive policies. The Fed and the administration defend these policies by denying obvious economic truths,…
Pay no attention to that printing press behind the curtain. Inflation, created in the capital but felt across the country, finds Washingtonians trying to dissuade Americans from believing its existence. A parlor game among political officeholders and their journalistic boosters…
