Relevant and even prescient commentary on news, politics and the economy.

The FED and Inflation

I do not believe there is any policy which will be successful when the environment changes like the direction of the wind due to kneejerk reactions of the presidency. Inflation did decrease by one tenth of one percent. But then is 2.3 or 2.4% really high? What has had a greater impact on the economy […]

Getting the Story Right on What Happened

Inflation was caused by Wall Street and companies rent-taking by increasing prices because they could do so by manipulating the supply chain. I started working is Supply Chain in the seventies for a small company by the name of Baxter Travenol. It was smaller then. It was in the old Walgreen’s building before it moved […]