
Biden’s Student Loan Fiasco
Biden’s Student Loan Fiasco...In effect, colleges could create massive and perfectly legal money-laundering schemes.
Biden’s Student Loan Fiasco...In effect, colleges could create massive and perfectly legal money-laundering schemes.
How About More Freedom? In our view, we are still suffering from three major policy mistakes. First, running an overly loose monetary policy. Second, handing out too many government checks, which allowed American consumers to borrow from future production and spend more in the past two years than they would have if no pandemic had ever occurred. And third, shutting down many parts of the economy through government mandates at multiple levels.
Whipping Inflation. Ultimately, inflation is always and everywhere a monetary phenomenon, as the late great economist Milton Friedman used to say.
We Are All Keynesians Now...The way out is to cut spending, cut tax rates, cut regulation, and tighten money enough to stop inflation. Because in the end, Keynesian policies don’t create wealth…free and open markets do.
It’s the Money! With every passing month, politicians and economists try to blame inflation on anything but excess money growth.
Slower Economic Growth in Q3. Consumption, Government, Trade...Add it all up, and we get 2.0% annualized real GDP growth for the third quarter, nowhere close to the “sugar high” 6.5% annual rate of growth in the first half of the year.