Monthly Archives: October 2021
Fed’s Easy Money Spurs Financial Frenzies
(Joseph Solis-Mullen, Mises Institute) Though the effective federal funds rate remains less than 0.1 percent, the reaction of the markets and financial press as the ten-year Treasury yield...
SF Walgreens Employee Scared to Work After Attacks by Shoplifters
(KGO-TV San Francisco) On the heels of Walgreens closing five stores in San Francisco due to shoplifting, an employee is speaking out about a...
Where’s Pete?: Transportation Secretary MIA During Shipping Crisis
(Tony Sifert, Headline USA) During a historic worldwide supply-chain crisis that is largely the result of inadequate shipping needs, Transportation Secretary Pete Buttigieg is nowhere to be found.
As Politico reports,...
Bitcoin Power Plant Raises Ire of Environmentalists
(Associated Press) An obstacle to large-scale bitcoin mining is finding enough cheap energy to run the huge, power-gobbling computer arrays that create and transact...
Lawyer Implicated in Shootings Knows He’ll Go to Prison for Stealing Money
(Associated Press) The attorney for prominent South Carolina lawyer Alex Murdaugh, who discovered his wife and son dead at their home this summer, said...
Moccasin Shoe Co. Apologizes for ‘Profiting’ from Native Americans
(Headline USA) The CEO of Minnetonka Moccasins, a popular shoe company, apologized this week for “profiting” from and “appropriating” Native American culture.
The company timed its apology...
Dollar Tree Loses Its 35 Year War with Inflation
(Peter Jacobsen, Foundation for Economic Education) Inflation has ruined one of my go-to examples for my macroeconomics students.
Whenever I discuss inflation with my students,...
China’s Central Bank Says Evergrande Risks ‘Controllable’
(Associated Press) China's central bank said Friday that financial risks from China Evergrande Group's debt problems are "controllable" and unlikely to spill over, amid...
Wholesale Prices Rose Record 8.6% Over 12 Months
(Associated Press) Inflation at the wholesale level rose 8.6% in September compared to a year ago, the largest advance since the 12-month change was...
An Emboldened, Super-Funded IRS to Target Bank Depositors
(Stefan Gleason, Money Metals News Service) Insidious plans are afoot in Washington to give IRS officials another $80 billion for auditors and then unleash them...
