Even if you look at the numbers more closely than the recent research cited by Samuelson, you find that he’s correct – but only in the most technical sort of way.
The madness of the Fed’s pending 81 month run of zero interest rates comes down to an inflation subterfuge that has no logical or empirical grounding in real world economics. Essentially, the Keynesians who currently inhabit the Eccles Building have turned all of central banking’s anti-inflation history on its head, saying, instead, that there is not enough of it to create optimum economic growth and wealth; and,…
Stock buybacks have become popular in recent decades as a tax-efficient alternative to cash dividends… but even these have become corrupted.
There are some stock market conspiracy theories out there that seem astoundingly plausible. Take market manipulation, for example…
If one number summarizes the global oil market, it’s 93,002,710.
Inflation-adjusted wage numbers deserve much more attention.
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