Richardcyoung.com

Stellantis Idles Factories as Jeeps Pile Up at Dealerships

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Jeeps and other Stellantis-made vehicles are piling up at dealerships, forcing the company to idle its factories. The Wall Street Journal’s Ben Glickman reports: Jeep’s parent company has pressed pause on making two of its top-selling U.S. models. Factories temporarily stopped producing the Jeep Wrangler and Grand Cherokee sport-utility vehicles in the past week, people […]

FREEDOM: A No-Cost Economic Development Plan

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At the Cato Institute, Travis Fisher explains that allowing private grid development for electricity transport would be “a no-cost economic development plan.” He writes: Many of us can’t picture a free market in electricity because the laws governing the industry have been so interventionist for so long. Today’s “natural monopoly” regulations date back to the […]

The Federal Reserve is “Almost Everything” that Threatens America

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UPDATE 8.5.24: In light of trouble in Asian markets over the weekend, there are many pundits calling for and predicting an emergency meeting of the Federal Reserve today to cut rates, possibly as much as 75 basis points, with Wharton Professor Jeremy Siegel calling for that and another 75 basis point cut to follow on […]

How the Inflationists Took Control

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In his Contra Corner, David Stockman explains how control of U.S. monetary policy was wrested by inflationists. He writes: The reason for the dangerously high growth rates of Fed credit is what might be termed the inflation confirmation fallacy. That is to say, once high inflation broke out for the first time in peacetime history, flummoxed […]

America’s “Unhinged Monetary Politburo”

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In David Stockman’s Contra Corner, David Stockman unleashes an epic fusillade against the Federal Reserve monetary policy mismanagement, writing: These people have to be stopped! We are talking about the nation’s unhinged monetary politburo domiciled in the Eccles Building, of course. It is bad enough that their relentless inflation of financial assets has showered the […]

Legalized Counterfeiting

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In a piece at LewRockwell.com, George F. Smith quotes Murray Rothbard, Milton Friedman, and Nouriel Roubini to lay bare fractional reserve banking as what Rothbard calls “legalized counterfeiting.” Smith writes: This will be brief, appropriate to the topic at hand.  It consists of a quote from Milton Friedman, found in Joseph Salerno’s outstanding book, Money, Sound […]

Cato’s Center for Monetary and Financial Alternatives

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The Cato Institute’s Center for Monetary and Financial Alternatives is dedicated to revealing the shortcomings of today’s centralized, bureaucratic, and discretionary monetary and financial-regulatory systems and to identifying, studying, and promoting alternatives more conducive to a stable, flourishing, and free society. The Center brings together unparalleled expertise with an Executive Advisory Council made up of […]

How Can the Fed Lose So Much Money?

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In The New York Sun, Alex J. Pollock asks how the Fed can lose so much money, and he wonders when a leader will call the central bank out. Of course, a true leader for the American people has already called out the Federal Reserve, but not enough people were listening. Former congressman and presidential […]

Oil Could Hit $100 a Barrel

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Lucia Kassai, Sharon Cho, Devika Krishna Kumar, and Alex Longley of Bloomberg tell their readers how global supply shocks are intensifying fears of a commodity-driven inflation resurgence. They write: When oil jumped above $90 a barrel just days ago, military tensions between Israel and Iran were the immediate trigger. But the rally’s foundations went deeper — to global supply shocks that are intensifying […]

Should Jerome Powell Fear RFK Jr. in the White House?

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In David Stockman’s Contra Corner, David Stockman explains that RFK Jr. should fire Jerome Powell on the first day of his presidency if elected. Stockman writes: RFK has pointedly announced that he will pardon Deep State prisoner Julian Assange on day #1. That sent a powerful message that the destructive rule of Washington’s bipartisan War […]