Inflation or Recession? The Fed Faces a Choice.
On December 15, the Federal Reserve announced numerous quantitative tightening measures that have the intended goal of combating the rising inflation that has been bogging down the American economy. As of November 2021, the rate of inflation has reached 6.8
Japan’s Inflation Is Hidden Behind Central Bank–Financed Subsidies
Whereas inflation rates in the US and Europe have risen steeply in the course of the year 2021, consumer price inflation in Japan stood at 0.1 percent for October 2021 (Figure 1). Also, Japanese producer price inflation of 8 percent
Poland-Belarus Migrant Crisis
As this is being written, there are thousands of migrants stranded at the Poland-Belarus border trying to enter Western Europe but are being denied entry at the border by armed guards. This issue has been ongoing for months now and
The First Economics Lesson
Economics is haunted by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the subject would be great enough in any case, but they are multiplied a thousandfold by a factor that
Why the Debt Ceiling Won’t Limit Debt or Spending
Not surprisingly, both houses of Congress approved another increase in the debt ceiling and have sent the bill to President Biden, who will most assuredly sign it. The bill raises the debt ceiling to $31.5 trillion. This debt ceiling is
Could 2022 Bring the Collapse of the Euro?
Like the Fed, the ECB is resisting interest rate increases despite producer and consumer prices soaring. Consumer price inflation across the Eurozone was most recently recorded at 4.9%, making the real yield on Germany’s 5-year bond minus 5.5%. But Germany’s