Economy

Things are "bat-sh*t crazy" right now

"It’s great to have a U.S. president who’s part of the club and very willing to cooperate," says French president.

“Fight for $15” victory backfires.

Inflation isn’t a supply chain problem; it’s a money problem.

Says people who think the Fed’s policy has been vindicated are dead wrong.

New England energy prices triple from year ago

Worsening drought, rolling blackouts also terrorizing the island

AMC has gained more than 120% since the beginning of the month

Intel CEO says "work from home" trend caused a "cycle of explosive growth in semiconductors."

Economy may not reopen soon enough for many businesses to survive

Generation running out of time to build wealth in "almost every way measurable."

Extended families have long functioned to provide alternatives to the state in terms of risk sharing and mutual aid

Searches for the word “inflation” hit an all-time high on Google trends.

War on cash in full swing

Since the corona panic, the Fed has bought a ton of government bonds, but it's also started buying corporate bonds, has abolished reserve requirements, redefined the monetary base, and switched to average inflation targeting

The majority of economists, who assume recent historical trends will continue forever, forget that nonlinearity in economics means that cause-and-effect relationships can remain dormant for a long time, only to manifest themselves with unusual force later on

A capitalist never chooses that investment in which, according to his understanding of the future, the danger of losing his input is smallest

From wood to copper to corn, prices for basic necessities for both production and consumption are rising to multi-year highs

Demand for semiconductors continues to surge beyond supply capacity

Demand over the past few months from coin holders appears to have overwhelmed US Mint.

Fast food industry desperate for workers

With Dems in control of both Chambers of Congress, Biden faces some of the best odds of any recent president in terms of getting his budget through Congress.

Investors conclude Federal Reserve will tighten monetary policy sooner than expected.

Mises: "The experience with which the sciences of human action have to deal is always an experience of complex phenomena. No laboratory experiments can be performed with regard to human action."

The central bank makes all of this possible by creating artificial demand in the bond market.

$52 billion proposal expected to enhance US competitiveness with China

Government jobs may help reduce the official unemployment rate, but they actually damage the economy

Debt accumulation was already unsustainable prior to 2020, but the Great Lockdown has triggered an explosive increase

"China's authorities continue to raise concerns about the rise of commodity prices"

Secretary of State Blinken says there is no sign Iran is willing to comply with nuclear commitments needed to lift sanctions.