Anyone who has taken a rudimentary course in economics has learned about the dead-weight loss of subsidies and how they deprive good taxpayers of their money while creating problems in the economy. But, as politicians are wont to do, anytime they see an opportunity to “do something,” they go ahead and do it, regardless of […]

Jeeps and other Stellantis-made vehicles are piling up at dealerships, forcing the company to idle its factories. The Wall Street Journal’s Ben Glickman reports: Jeep’s parent company has pressed pause on making two of its top-selling U.S. models. Factories temporarily stopped producing the Jeep Wrangler and Grand Cherokee sport-utility vehicles in the past week, people […]

In his Contra Corner, David Stockman explains how control of U.S. monetary policy was wrested by inflationists. He writes: The reason for the dangerously high growth rates of Fed credit is what might be termed the inflation confirmation fallacy. That is to say, once high inflation broke out for the first time in peacetime history, flummoxed […]

In David Stockman’s Contra Corner, David Stockman unleashes an epic fusillade against the Federal Reserve monetary policy mismanagement, writing: These people have to be stopped! We are talking about the nation’s unhinged monetary politburo domiciled in the Eccles Building, of course. It is bad enough that their relentless inflation of financial assets has showered the […]

In a piece at LewRockwell.com, George F. Smith quotes Murray Rothbard, Milton Friedman, and Nouriel Roubini to lay bare fractional reserve banking as what Rothbard calls “legalized counterfeiting.” Smith writes: This will be brief, appropriate to the topic at hand.  It consists of a quote from Milton Friedman, found in Joseph Salerno’s outstanding book, Money, Sound […]