The Federal Reserve
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Economics
This appeared in the New York Times today. “While higher interest rates, slower growth and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses,” Jerome Powell, the Fed chair, said during a speech at the Kansas City Fed’s annual conference in Wyoming. “These are the unfortunate costs…
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The Art of Mumbo Jumbo
Have you ever listened to a business school graduate speak? Unless you’ve been reverse-engineered like he has been, you can barely understand a word. That’s right, reverse-engineered. These business schools specialize in reverse-engineering. They take bright people and make them stupid. They turn diamonds into lumps of coal. They do it with stupid juice and…
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The Big Bogus
The size of the national debt is a bogus issue. It was a bogus issue in the 1980s; it’s a bogus issue today. The elites love to talk about the size of the national debt in order to make you uneasy. The uneasier you are, the weaker you are, the better it is for…