Dangerous History PODCAST Villains: Woodrow Wilson, Part 1

What Causes Stagflation? Authored by Frank Shostak via The Mises Institute, In the late 1960’s Edmund Phelps and Milton Friedman challenged the popular view that there can be a sustainable trade-off between inflation and unemployment. In fact, over time, according to Friedman, expansionary central bank policies set the platform for lower economic growth and a higher rate of inflation (i.e., stagflation). A famous case of stagflation occurred during the 1974-75 period. In March 1975, industrial production fell by nearly 13 percent year-on-year while the yearly growth rate of the consumer price index (CPI) jumped to...

Before the US and Israel launched a war against Iran on Saturday morning and killed Ayatollah Ali Khamenei, the CIA assessed that if the Iranian leader were killed, his rule would likely be replaced by “hardline” figures from Iran’s Islamic Revolutionary Guard Corps, Reuters has reported. The report said that the assessment was produced over […]