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What Causes Stagflation?
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...
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Jul 22, 2026 / Tyler Durden
AI Is Quietly Transforming Healthcare And Might Just Save Your Life
AI Is Quietly Transforming Healthcare And Might Just Save Your Life
Amid the broader debate over artificial intelligence's economic disruptions, the healthcare sector is quietly demonstrating some of the technology's most concrete applications. Rather than the job losses feared in other industries, hospitals report AI augmenting physicians, streamlining routine tasks and accelerating innovation in ways that could improve outcomes while controlling costs.
At the Mayo Clinic in Rochester, Minnesota, roughly 150 AI models are now in use. A tool called Record Time helps internists distill hundreds of pages of external medical...
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Mar 3, 2026 / Tyler Durden
Trump Announces US To Cover Insurance For All Ships Traveling Through Gulf, Will Provide US Navy Escorts
Trump Announces US To Cover Insurance For All Ships Traveling Through Gulf, Will Provide US Navy Escorts
Update (1440ET): Moments ago President Trump announced that the United States will provide insurance for "ALL Maritime Trade" via the US Development Finance Corporation (DFC), and will provide Navy escorts, "if necessary."
Effective IMMEDIATELY, I have ordered the United States Development Finance Corporation (DFC) to provide, at a very reasonable price, political risk insurance and guarantees for the Financial Security of ALL Maritime Trade, especially Energy, traveling through the Gulf. This will be available to all Shipping Lines....
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Mar 16, 2026 / George Ford Smith
Is Another Stone Age in the Making?
As war drums beat again, this time against Iran, we ask ourselves if recklessness from Donald Trump and European and Israeli leaders is pushing us to catastrophe.
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