Just a day after blowout earnings from Walmart (WMT), Target (TGT) laid an egg with its own 3Q22 earnings report this morning. While WMT raised its full year comparable sales guidance TGT cited a “meaningful softening” of business in the…
When people talk of a “price level” they have in mind the image of a level of a liquid which goes up or down according to the increase or decrease in its quantity, but which, like a liquid in a…
For many years, in its statement the Fed insisted that monetary policy was NOT on a preset course but would instead be data dependent. At the moment, however, monetary policy IS on a preset course. The Fed will raise 50…
Post Modernism in philosophy can best be defined as the rejection of an objective reality. The argument is that human thought is inherently subjective and there is no objective arbiter of truth. Therefore, there is only the clash of opinions….
MMT’s ideas have insinuated themselves deep into government, central banking and even Wall Street – “Modern Monetary Theory Isn’t The Future. It’s Here Now” [SUBCRIPTION REQUIRED], James Mackintosh, The Wall Street Journal, November 22 The current fad in economics is…
I went to one who had the reputation of wisdom, and observed to him – his name I need not mention; he was a politician whom I selected for examination – and the result was as follows: When I began to talk with…
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