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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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Feb 17, 2026 / Tyler Durden
The Crowdsourcing Of Cutting Waste & Fraud
The Crowdsourcing Of Cutting Waste & Fraud
Authored by Jeffrey Tucker via The Epoch Times,
The Trump administration came into office with a pledge to uproot waste, fraud, and abuse within the government’s system of transfer payments. Leading the charge would be Elon Musk and his Department of Government Efficiency (DOGE).
They began their work early on with earnest and passion, starting inauguration evening, with many long days and nights of data crunching and number slinging, under the assumption that auditing government would be similar to auditing a private company.
DOGE quickly found...
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Zerohedge.com
"You Just Lied!": Elon Crushes BBC Reporter's Claims About 'Hate Speech' On Twitter
Feb 22, 2026 / Jason Ditz
Iraq May Drop Maliki as PM Candidate After US Threats
Once and possibly future Iraqi Prime Minister Nouri al-Maliki’s candidacy is increasingly in doubt this weekend, with reports that President Trump’s demand he not be allowed to return to office increasing the possibility that the Coordination Framework bloc may withdraw him as their choice for premier. Last year’s Iraq elections ended with the usual deeply […]
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