Inflation: An Introduction
Supporters of the monster state love using the term “inflation” not to describe inflation, but the effects of it. That way, when they “take action” against inflation, they never go …
Federal Reserve
Now in Effect: Utah Law Exempts the Sale of “Goldbacks” from State Sales Tax
SALT LAKE CITY, Utah (July 1, 2022) – Today, a law that exempts the sale of “Goldbacks” from the state sales tax goes into effect. This will further facilitate the …
The Fed, and No One Else, Is Responsible for Inflation
There is one — and only one — entity that is responsible for inflating the money supply. That entity is the Federal Reserve. Free Thought ProjectIt is the mission of …
Federal Reserve’s Rate Increases: Too Little Too Late?
The Federal Reserve’s recent 0.75 percent increase in its “benchmark” interest rate is the Fed’s highest rate increase since 1994. This increase is a sign that the Fed has finally …
A Wonky Evisceration of Biden’s Bad Deficit Math
President Joe Biden is taking victory laps for last year’s reduced budget deficit. No one would be happier than me to see this number fall in a significant way. But …
Paper Money Is Evil
Thomas Paine warned us about the evils of paper money. We’re seeing the results of that evil in rampant inflation today. View this post on Instagram A post shared by …
Recession ‘Virtual Certainty’ as Interest Rates Spike
Interest rates are now 1.5 percentage points higher than they were a few months ago. On Wednesday, the Federal Reserve raised interest rates by three-quarters of a percentage point on …
Avik Roy: America Would Be Better Off If Bitcoin Became the World’s Reserve Currency.
Can bitcoin really become the world’s reserve currency if it doesn’t displace the dollar, the euro, or the yuan as an everyday medium of exchange? Why isn’t its price increasing …
Politicians Cause Real Pain With Inflationary Policies
Gasoline prices just hit new record highs, and that’s just the tip of the iceberg, inflation-wise. As consumers know, but federal officials seem slow to admit, everything is becoming more …
Biden (Almost) Admits That His Own Stimulus Spending Stoked Inflation
In the first few weeks after taking office, President Joe Biden made a series of decisions that continue to have considerable influence on the American economy—which, naturally, has considerable influence …