The Greatest Myth Propagated About The FED: Central Bank Independence (Part 3)
There never has been the kind of independence supposed by orthodox economists.
Inflation
The Greatest Myth Propagated About The FED: Central Bank Independence (Part 2)
In this blog we look at the myth of Fed independence from its creator, the Congress and from the Treasury.
The Greatest Myth Propagated About The FED: Central Bank Independence (Part 1)
It has been commonplace to speak of central bank independence—as if it were both a reality and a necessity…
Replacing the Budget Constraint with an Inflation Constraint
Let’s stop pretending that replacing a budget constraint with an inflation constraint is so hard.
What if the Public Understood How Money Works?
The truth about federal finance used to be common household knowledge, maybe it should be again.
Fact-checking Biden’s Inflation Remarks
On October 21st, 2022, President Biden made an address regarding his administration’s historic deficit reduction. Let’s break it down.
Sound Money
The inflation hawks have a point: inflation is genuinely destabilizing. But where the inflation hawks go wrong is in blaming “money printing” for inflation.
Bad Medicine Root Cause Analysis: Abstractions Are Killing Us
Abstractions are invented and agreed upon by us but often become runaway Frankenstein’s monsters when we forget that we made them up.