The Administrative State Strikes Again: Monetary Edition
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They have done it again, and in a way that makes a flaming mockery of both honest market economics and the so-called rule of law. In effect, the triumvirate of fools... Read more.
Twitter Became the Ministry of Truth
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The Twitter story is not a one-off case, nor is it evidence that Wall Street and the homegamers alike are comprised of greedy fools who will fall for anything. To... Read more.
Let the Real Investigations Begin
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Indeed, it would not be going too far to say that the eruption of irrationality and hysteria in America during 2020-2021 most resembled not 1954, when Senator McCarthy... Read more.
The Post-Lockdown Labor Market: Weak and Worsening
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What is happening is people are taking multiple jobs in order to stay abreast of the soaring cost-of-living, and also because work-from-home has made it very easy... Read more.
Bravo, Elon!
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Twitter’s phony “content moderation” operation was not unique, but symptomatic of a much broader perversion of corporate management throughout Silicon Valley... Read more.
The Macroeconomic Consequences of Lockdowns and the Aftermath
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Washington compensated one and all for the resulting harm and then some by unleashing a $6 trillion spending bacchanalia in less than 14 months, which was accomplished... Read more.
Inflation and Recession are Becoming Entrenched
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A bad stagflation is here. Since the Fed will be locked in a battle to tame the price side of the equation even as real output falters for months and years to come,... Read more.
Inflation: Where Are We Now?
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The fact is, Tuesday’s CPI report destroyed the idea that the Fed will pause soon. In fact, excluding volatile food and energy prices, the so-called core CPI rose... Read more.
Covid Invoked for More Redistribution from Workers to Doctors and Lawyers
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Approximately 43 million student loan borrowers in the United States owe a collective nearly $1.75 trillion in federal and private student loan debt as of August... Read more.
Here Is What Stagflation Looks Like
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It’s the reason why the real economy is faltering and stagflation has become embedded: To wit, the gains in nominal income are being more than eaten up by soaring... Read more.
More Spasms of the Post-Lockdown Economy
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Once upon a time there was a joke about “I’m from Washington and I’m here to help you”. That’s now a reality and it’s no joke.... Read more.
The Spasmodic Chaos of the Post-Lockdown US Economy
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The business sector is flying blind: It can’t forecast what’s coming down the pike in the normal manner based on tried and true rules of cause and effect. In... Read more.