Home Prices Fall for the First Time in at Least Six Years
It's been six years since home prices fell on an annual basis, maybe even longer. Since Realtor.com began keeping records in 2017, its index...
CBO Projects Terrifying, Debt-Laden Future for America
In a recent report, the Congressional Budget Office has projected heavy debt equal to 181% of GDP for America by 2053. The AP's Fatima...
China Props Up Ailing Yuan
Worried about its currency's weakness, The People's Bank of China has propped up the yuan even more than expected. Bloomberg News reports:
China stepped in...
Inflation Is Improperly Defined
In August 2009 I wrote:
I do not believe in cost-push inflation. By example, union pressure to increase wages is not an inflationary event. An...
CBDCs Would Be the End of Any Remaining Central Bank Indpendence
In a well written piece, the CEO of the Cato Institute, and a friend of mine, Peter Goettler, explains the dangers central bank digital...