Why did the United States abandon the gold standard? In an article published recently by the Federal Reserve Bank of St. Louis, Maria Hasenstab cites the international gold shortage during…
Category:
Economy
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Inflation ticked up in October. The Bureau of Labor Statistics reported that the Consumer Price Index (CPI) rose 0.2 percent last month. Prices are up 2.6 percent over the last…
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At the New York Times, Jeanna Smialek reports that economists are worried President-Elect Trump will stoke inflation. Voters returned Trump to office largely because of the economy, especially the high…
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After dipping well below the Federal Reserve’s 2-percent target in August, inflation now appears to be back on track. The Bureau of Economic Analysis (BEA) reports that the Personal Consumption…
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President Trump’s return to the White House has sparked a resurgence of interest in central bank independence. Federal Reserve Governor Michael Barr said he would step down from his Vice…
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There’s something happening here. What it is, ain’t exactly clear. Around the world, there is growing impatience with the orthodoxies and condescension of the progressive left. In the past two…
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Driven by progressive policies that stifled growth and burdened Americans with skyrocketing debt, elevated inflation, and economic malaise, has President Biden’s administration cemented its economic legacy as a failure? Despite…
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Sometimes a book’s cover gives the reader a particularly clear preview of its contents. The cover of JT Young’s book Unprecedented Assault: How Big Government Unleashed the Socialist Left has…
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On January 27, 1945, Soviet forces liberated the Auschwitz concentration camp. The camp had largely been emptied on Himmler’s orders. At Auschwitz, the Nazis murdered more than one million people,…
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Part 1: What is a Trade Balance? The balance of trade, often described under the heading of a “trade deficit” or a “trade surplus,” is the difference between the dollar…