Page 14 - Scott Sumner News Today : Breaking News, Live Updates & Top Stories | Vimarsana

We start in the us, where all eyes will be on the federal reserve today to see if the central bank decides to raise interest rates. speaking in front of congress earlier this month, fed chair jerome powell said he's in favour of a quarter of a percent increase, aimed at tackling the surging cost of living. price increases in the us continued to go up last month, pushing the annual inflation rate to 7.9%. that's the highest level in a0 years. us interest rates currently stand at 0.5% and there hasn't been an increase since 2018. scott sumner is chair of monetary policy at the mercatus center at...

2021 One year ago

This writer might be the world’s biggest fool, but don’t let the powers that be (especially monetary) take you for one. Working folk of small fortune do well to remember that we are still in the throes of the greatest failed monetary policy experiment in human history. The continuing fallout from (and enabler of) this failed experiment is grounded, not in greed (or grenades), but a governance gap.Henry Thornton’s warnings in Parliament and the press on the controversy of currency, are equally true of our monetary mess as it was in his day, “the increase of industry will by no means kee...

The Laguna Beach City Council opted to maintain the status quo at the Design Review Board, reappointing two incumbents on Tuesday.

Former Town Manager Scott Cole appeared before the Board of Selectmen on Monday and asked why his application to fill a seat on the Airport Authority was rejected, as there are currently two vacant seats and he was the only applicant.