Georgia Governor Declares 15 Day State of Emergency, Deploys National Guard in Anticipation of Tyre Nichols and 'Cop City' Riots

Democrats in the House and Senate vowed on Thursday that they will hold a vote next week on War Powers Resolutions aimed at blocking President Trump from launching an attack on Iran without congressional authorization, as required by the US Constitution. Contact your representatives in the House and tell them to support H.Con.Res. 38 to prevent […]

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...