Commentary For most economists and politicians, the role of central bank authorities is to make the economy as stable as possible. What do they mean by economic stability? Economic stability refers to an absence of excessive fluctuation, so an economy with constant output growth and low and stable price inflation is likely to be regarded…
Federal Reserve Policies Aimed at Creating Price Stability Bring About Economic Instability
There’s Recession, Not Inflation, in the Dollar’s Surge
Commentary Currency devaluation is inflation. How the drop in the currency’s value comes about is another question, though ultimately for consumers and businesses the answer to it might not matter. When that price declines, it simply means the relative value of goods and services available to be exchanged for it has gone up. Once money…
What Happens When Central Banks Attempt to Tighten? Even More Resource Misallocation
Commentary After a prolonged period of easy monetary policy, the U.S. Federal Reserve has embarked on a tighter monetary stance. On May 4, 2022, the Fed raised its benchmark interest rate by 0.50 percent, to a target range between 0.75 percent and 1.00 percent. The hike is the largest since 2000 and follows a 0.25 percent increase in…
China’s Lockdowns Are Destroying Its Economy
May 19, 2022
admin
Business & EconomyBusiness ColumnistsChinaChina Business & EconomylockdownsOpinionThinking About China
0 Comment
Commentary Not one vehicle was sold in Shanghai in April, according to the Shanghai Automobile Sales Association on May 16. This is a direct result of lockdowns in which citizens no longer need their cars—and can’t afford them anyway. According to China’s National Bureau of Statistics, factory output and consumer spending tumbled last month, while the…
China Is Weaker in Demand Than Supply
May 19, 2022
admin
AnalysisBusiness & EconomyBusiness ColumnistsChinachina stagflationemerging marketsFederal ReserveHK BusinessHong KongOpinion
0 Comment
Commentary None of the latest data released from China were good. Inflation was higher than expected while all other quantity growth rates were lower than expected or declining, arousing the worry of stagflation. Stagflation is by definition a higher price (growth) with a lower quantity (growth), and is highly likely a result of a leftward…
Why Progressive Policies Fail Every Time
Commentary The current failure is the sixth time our country has experimented with so-called “progressive’’ economic policies. It never works. As I described in a prior Epoch Times article (Can “Modern Supply-Side Economics” Build Back Better?), from 1913 to 2015 there were five periods consisting of 52 years when such policies were put into effect. …
Beijing’s Aggressive Use of Trade Will Hurt China in the Long Term
News Analysis Because China’s economy has grown to a gigantic size, its top-down, command approach to economics, especially its trade policy, has destabilized and has begun to alienate several trading partners. Those countries, smaller Asian nations especially, have only one rational response: put up with the economic ills imposed by Beijing while finding ways to…
As Recession Fears Build, What Should You Do?
Commentary The entire investment world seems to be crashing except for good ol’ sticks and bricks on terra firma—real estate. Part of the paper and digital assets sell-off is related to the fear of an economic recession. Though it’s an increasingly germane topic, recession prospects carry wide disagreement among experts. It’s still less controversial than…
Biden’s Inflation Disinformation Desperation
May 15, 2022
admin
bidenBusiness & EconomyBusiness ColumnistsdisinformationeconomyExecutive BranchinflationOpinionPoliticsUSViewpoints
0 Comment
“It is better to be defeated on principle than to win on lies,” said Arthur Calwell, the leader of the Australian Labor Party in the 1960s, who presided over three election defeats and thus knew what he was talking about. President Joe Biden, on the other hand, who shares with Calwell a penchant for taking…
Biden’s Billionaire Tax Will Tax Working Americans
May 15, 2022
admin
bidenBusiness & EconomyBusiness Columnistseconomic policieseconomyExecutive BranchOpinionPoliticsUSViewpoints
0 Comment
Commentary President Biden’s proposal for a 20 percent minimum tax on billionaires is largely class warfare by the liberals, signaling to their loyal constituents that they intend to erode the wealth of successful American’s while pretending to target the super-rich. Under Biden’s Billionaire Minimum Income Tax plan, households with more than $100 million in wealth…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta