Friday , September 17 2021
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Tag Archives: Guest Commentaries

The Fed Is Failing; Stagflation Looms

The August jobs numbers came in much lower than expected, a kick in the teeth for those touting the “improving economy” narrative. Meanwhile, personal incomes continue to grow but rising prices are eating up that growth and then some.The economic data suggest the Fed’s plan is failing and stagflation looms on the horizon.Mises Institute senior editor Ryan McMaken makes this case, writing, “It’s now abundantly clear there is no ‘v-shaped recovery’ as so long promised by advocates of covid...

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Central Banks Can’t Taper in This Economic Environment

There’s been a lot of talk about the Federal Reserve tapering quantitative easing. So far, it’s been nothing but talk.A lot of people expected Federal Reserve Chairman Jerome Powell to offer some details and perhaps a timeline for the taper during his Jackson Hole speech. We got no such thing. Instead, he tapered the taper talk.  In fact, Powell never uttered the word “taper.” he spent most of the speech trying to prop up his “transitory” inflation narrative.If the plan was to taper,...

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Ron Paul: From Nixon Shock to Biden Inflation

This month marks the 50th anniversary of President Richard Nixon slamming shut the so-called “gold window” and severing the last ties between the dollar and gold.On Aug. 15, 1971, Nixon ordered Treasury Secretary John Connally to uncouple gold from its fixed $35 price and suspended the ability of foreign banks to directly exchange dollars for gold. Nixon’s order was the end of a path off the gold standard that started during President Franklin D. Roosevelt’s administration, and it set the...

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The Fed Stabilizes the Economy?

According to the Federal Reserve, it exists to “stabilize” the economy. Does it though?Despite inflation coming in hotter than expected month after month this year, Federal Reserve Chairman Jerome Powell assures us we need not worry. This surge of inflation is “transitory.” But even if it isn’t we still don’t need to worry. He assures us that if inflation does prove to be significant and “materially” above its 2% goal, the Fed will use its tools to guide inflation back down.Peter Schiff...

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Shrinking Rolls of Toilet Paper? Blame the Fed!

We’ve been talking a lot about rising prices. The CPI has come in hotter than expected every month this year. We’re paying more to buy less.We see the impacts of inflation on price tags, but sometimes it squeezes us more subtlety. It’s known as “shrinkflation.”Rising prices don’t just hit consumers. In fact, they impact producers first. As the cost of materials, labor and equipment goes up, companies feel the pinch. Eventually, they pass those costs on to their customers. A lot of...

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Fiat Money, Deception and Lies

Inflation continues to run rampant, eroding our purchasing power even as policymakers continue to tell us there’s nothing to worry about. The US government continues to run up unfathomable levels of debt. We continue to endure a repeating cycle of booms and busts as Fed and US government policies blow up bubbles that inevitably pop.It’s easy to get caught up in the news of the day and look at these issues in isolation, but there is one factor that ties them all together – fiat money. As...

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Government Debt Looking as Sketchy as a Payday Loan

The US government continues to borrow and spend at a torrid pace, running massive deficits month after month.The US national debt currently stands at nearly $28.5 trillion. That doesn’t account for the trillions of unfunded liabilities. And there is no end to the spending in sight. There are trillions of dollars in new spending programs coming down the pike.The debt phenomenon isn’t limited to the US. Countries all over the world are following the same path. The world is awash with...

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Ron Paul: The Road to Big Government Authoritarianism Is Paved With Fiat Currency

The markets widely interpreted the June Federal Reserve meeting as hawkish. The central bankers pushed their projections for the first interest rate hike from 2024 back into 2023. But in reality, the Fed didn’t actually anything. Interest rates will remain at zero and quantitative easing will continue unchanged into the foreseeable future.The fact is the US government needs the Fed to continue its loose monetary policy to sustain its out-of-control borrowing and spending. Money is...

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The Fed Might Raise Rates! — Years From Now

The markets reacted fiercely to last week’s Federal Reserve meeting even though the central bank didn’t anything. Fed Chair Jerome Powell called it the “talking about talking about meeting.” But even as the so-called “dot-plot” indicated the Fed might raise interest rates for the first time in 2023 instead of 2024, the central bank held rates at zero and took no action to taper quantitative easing. The rhetoric might have changed, but the actual policy continued unabated.As Ryan McMaken...

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The Worst-Kept Secret Ever: Hight Inflation Is Back

The Fed claims inflation isn’t a concern. The central bankers don’t want us to worry about it. In fact, they would just as soon keep the whole inflation issue a secret. But Americans are worried. As Peter Schiff noted in a recent podcast, searches for the word “inflation” hit an all-time high on Google trends in May.In fact, inflation is the worst-kept secret out there.Of course, we’ve known about high inflation for months. As economist Mark Hendrickson notes, as a matter of technical...

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