Tag Fiscal Policy/Debt

The Precise Federal Deficit: Social Security and Medicare

The Precise Federal Deficit: Social Security and Medicare How a lot does the federal authorities actually owe? In keeping with the Treasury Division, the federal debt is about $31.4 trillion. Subtracting the quantity the federal government owes to itself (bonds…

Earlier than the Primaries, the GOP Wants an Overdue Second of Reality

Earlier than the Primaries, the GOP Wants an Overdue Second of Reality The Republican Social gathering is heading in direction of its most vital main elections in a very long time. The social gathering’s ideological confusion, its departure from mainstream…

No, Inflation Isn’t Good for Employees

No, Inflation Isn’t Good for Employees An odd notion appears to have taken maintain in Washington: that the Federal Reserve’s straightforward financial coverage is nice for employees. Close to-zero rates of interest are being hailed as the important thing to…

After the Gold Commonplace, We Received Larger Authorities and a Smaller Greenback

After the Gold Commonplace, We Received Larger Authorities and a Smaller Greenback August marks the fiftieth anniversary of Richard Nixon’s notorious determination to “shut the gold window,” reneging on the U.S. authorities’s pledge to redeem {dollars} for gold. Though Nixon’s motion spelled…

Brace Your self—Inflation’s Coming Again Stronger than Ever

Brace Your self—Inflation’s Coming Again Stronger than Ever The Federal Reserve insists that the present worth inflation is “transitory.” Each signal factors in the wrong way, nonetheless, and we have to perceive the financial and political implications of what’s about…

The Roots of Inflation Go Far Past the Provide Chain

The Roots of Inflation Go Far Past the Provide Chain We maintain listening to that supply-chain disruptions are inflicting the “momentary” worth inflation that has change into the new matter of dialog. All kinds of public enemies are being blamed for the…

Argentina Agonistes: The Separation of Cash and State

Argentina Agonistes: The Separation of Cash and State It’s fascinating to consider what future generations will look again on and assume, “How barbaric and backward. Did these folks actually consider _______?” From our present vantage level, for instance, we glance…

Worth Controls and Authorities Spending Received’t Repair Inflation

Worth Controls and Authorities Spending Received’t Repair Inflation America final 12 months skilled its highest inflation charge in practically 40 years. Not surprisingly, the general public expects the federal government to do one thing to get inflation below management. If…

Bernanke’s Prescription for Inflation—Give the Fed Extra Energy

Bernanke’s Prescription for Inflation—Give the Fed Extra Energy Let’s see. Inflation presently exceeds 8 % a yr in america. Our central financial institution, the Federal Reserve, is sitting on roughly $9 trillion in monetary property—most of them U.S. Treasury debt…

The World Is Dealing with Its Day of Inflationary Reckoning

The World Is Dealing with Its Day of Inflationary Reckoning Double-digit value inflation is right here. Anybody being attentive to fiscal and financial coverage knew this may occur in the end. The Federal Reserve’s current 0.75 foundation factors hike within the federal…