ELIZA BLEU AND THE PERPETUAL TRAUMA MACHINE—PART 2

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...

The Chinese Foreign Ministry on Tuesday strongly condemned the US military blockade on Iranian ports as “dangerous and irresponsible” and warned that it risks the very fragile ceasefire between the US and Iran. “With the temporary ceasefire agreement still in place, the United States ramped up military deployment and resorted to a targeted blockade. This […]

An Israeli strike on a funeral in the Tyre district of Abbasiyeh killed four people from the same family over the weekend, including infant Taleen Saeed, who was under two years old and was there for her father’s funeral. Saeed’s father was killed on Wednesday, during an attack on her family home in the village […]