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Both Monetarists and Keynesians believe that a growing economy requires a growing money supply, thus, the Federal Reserve‘s “target” inflation rate of two percent. Austrian economists, however, understand that inflation at any level creates economic damage.
Illustration: The Verge Google has introduced a new AI “reasoning” model capable of answering complex questions while also providing a rundown of its “thoughts,”...
Norbert Michel and Jerome Famularo In the aftermath of the COVID-19 pandemic, the United States experienced a much higher rate of inflation than at...
Matthew Cavedon In a December 18 amicus brief to the Supreme Court regarding Cunningham v. Baltimore County, the Cato Institute argued that a lower...
I had no idea the Fed could be such expert wafflers. But, as each month passes, it’s becoming clearer. The overall stock market trend,...
