In an age where news headlines often dominate with negative news, it is important to also highlight the positive events. Biden's expansive fiscal policy is yielding results. The latest report from the Federal Reserve and the Treasury Department shows a gratifying trend break in the US economy. It is a development that must not be overlooked. Increased prosperity for all Between…
Category: Federal Reserve
He who is in debt is not free - the untrue myth about Göran Persson and his heroic glory
"He who is in debt is not free." Göran Persson's trip to New York to ask for a loan and implement cutbacks has become a destructive and untrue myth in Swedish politics. But the story about the crisis in the 1990s and the need for budget consolidation is not correct. This is written by researchers Niklas Altermark, Max Jerneck and Elisabeth...
Inflation peaked in July 2022 in the US but not the interest rate
Inflation in 2022 was due to bottlenecks in production due to the pandemic. The rate hikes did not stop inflation, according to Alan Blinder, former vice chairman of the Federal Reserve. Since July 2022, the rate of price increases in the United States has decreased. Unemployment is the lowest in 50 years. The rising prices are otherwise due to too little competition between the few dominant market players and too free pricing....