Watch: Small Earthquake Registered After IDF Blows Up Largest-Ever Hezbollah Tunnel

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...

Israeli Defense Minister Israel Katz said that Tel Aviv was waiting on Washington’s approval to break the ceasefire and attack Iran.  “Israel is prepared to renew the war against Iran. The IDF is ready in defense and offense, and the targets are marked,” Katz said on Thursday. Israel is “awaiting a green light from the […]