Federal Reserve

U.S. Began Adding $1 Trillion In Debt Every Three Months In June

Fed chairman to testify before Congress this week. Image: Federal Reserve Chairman Jerome Powell By Bethany Blankley [The Center Square contributor] – The U.S. began adding $1 trillion worth of debt about every three months beginning last June, a Bank of America investment strategist Michael Hartnett first pointed out in an investment note published last […]

The Tyranny of the Phillips Curve – HotAir

Repeat after me, class: Growth does NOT cause inflation. Write it on the blackboard 100 times. For decades, the economics profession has been trying to tell us all just the opposite. They keep shoveling out the dumbest economic concept of all time: the Phillips Curve. This was the lame-brained “theory” by neo-Keynesian economists of the […]