Dollar Down 20% Since 2020, Biden Blames Greed

The ongoing price increases largely reflect growth in prices for food, services, electricity, and shelter. Assuming CPI measurements are not understatements, the dollar’s value has plummeted by a staggering one-fifth since 2020, yet, rather than acknowledging its role in fueling this…
The Meltdown of Commercial Real Estate

The Fed’s yo-yo interest rates first flooded real estate with low rates and cheap money. Which were overbuilt. In case you’ve still got money in a bank, Bloomberg is warning that defaults in commercial real estate loans could “topple” hundreds of US…
Two Cheers for Vivek Ramaswamy for His Commentary on the Fed

"Beginning in the late 1990s, the Fed’s scope drifted to include 'smoothing out' business cycles. This was a mistake, since business cycles serve a healthy function by transferring the assets and employees of poorly run companies to more capable management.…