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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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May 8, 2026 / Tyler Durden
Toyota And Honda See Sharp Declines In Profit Amidst Iran War Pressures, Spiking EV Costs
Toyota And Honda See Sharp Declines In Profit Amidst Iran War Pressures, Spiking EV Costs
Toyota expects a sharp decline in profit as rising material and shipping costs tied to the Iran conflict pressure its business, according to Bloomberg.
The automaker projected operating income of ¥3 trillion for the fiscal year ending March 2027, well below both analyst expectations of ¥4.6 trillion and last year’s ¥3.8 trillion.
The company said supply chain disruptions are driving up costs for aluminum, resins, and other materials, while logistics issues remain unpredictable. Toyota estimates the regional...
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Apr 25, 2026 / Tyler Durden
The WHO Is Building A Supranational Vaccine Authorization Mechanism
The WHO Is Building A Supranational Vaccine Authorization Mechanism
Authored by Yaffa Shir-Raz via Brownstone Institute,
“I need to ask someone else to take responsibility for the second part of the approvals process, so that I won’t have a conflict of interest. I’m also working with Bill Gates and the World Health Organization on the vaccine itself.”
This admission of a conflict of interest was made by Prof. Lester Schulman, secretary of the Ministry of Health’s polio committee, in March 2023, during an internal discussion about approving the importation into Israel of...
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Jul 3, 2026 / Tyler Durden
Mamdani Delivers Anti-America Speech For The Nation's 250th Birthday
Mamdani Delivers Anti-America Speech For The Nation's 250th Birthday
New York City Mayor Zohran Mamdani sat at a desk to commemorate America's semiquincentennial, and the socialist wasted little time turning the occasion into an anti-America lecture. He told his audience they each hold "the power to determine what America means," then spent the rest of the speech explaining what it means to him, and it was mostly bad.
"The powerful have always known their answer," Mamdani said. "America, in their view, is an arena of supremacy, where only a select few...
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