Page 20 - Modern Monetary News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Mick Mulvaney on what to expect from Biden’s proposed $6 trillion budget that Democrats claim will "reshape America."

I am sorry to have to report that Bob Wenzel has passed away. He was the editor and publisher of the popular websites Economic Policy Journal and Target Liberty and also published an investment newsletter. I met Bob many years ago at a Mises Institute conference and was immediately impressed by his enthusiasm for Austrian economics and libertarian theory.  He would throw himself into things with unmatched tenacity; he always wanted to find the inside story on events and usually succeeded in doing so. In my many conversations with him, his quick intelligence was apparent. His interests ranged ...

The markets have been by and large operating on the assumption that the Fed would stick to its playbook and tighten monetary policy to deal with increasing consumer prices. But Peter has been saying there is no way the Fed could fight inflation if it wants to. Inflation is propping up the economy. If the Fed raised rates and shrank its balance sheet, it would collapse the economy and pop the massive debt bubble. Ron Paul made a similar argument in a recent article. He agrees that the Fed won’t raise rates, arguing that the central bank is the only thing enabling the massive borrow and spend...

Big Government and Big Inflation April’s 4.2 percent past year increase in the Consumer Price Index is not likely to dissuade the Federal Reserve from continuing its policy of near-zero interest rates. Fed Chairman Jerome Powell believes the rising prices are just a temporary phenomenon caused by the ending of lockdowns releasing pent-up consumer demand. Powell may be right that the ending of lockdowns would inevitably be accompanied by a rise in prices. However, this is just the latest reason the Fed has given for putting off increasing interest rates. Powell does not want to admit that th...

Big Government and Big Inflation: Ron Paul Ron Paul | Infowars.com May 17th 2021, 11:29 am The only way to avoid the crash is to spread the truth among enough people to force Congress to reverse course. Image Credit: Email April’s 4.2 percent past year increase in the Consumer Price Index is not likely to dissuade the Federal Reserve from continuing its policy of near-zero interest rates. Fed Chairman Jerome Powell believes the rising prices are just a temporary phenomenon caused by the ending of lockdowns releasing pent-up consumer demand. Powell may be right that the ending of lockdowns w...