Once again the US Federal Reserve is in a quandary. Does it cut its policy interest rate soon in order to relieve pressure on debt servicing costs for consumers and businesses and perhaps avoid a stagflationary economy (ie low or no growth alongside higher inflation); or does it hold its current interest rate for borrowing in order to make sure inflation falls towards its target of 2% a year?
Inflation and interest rates: the US experience
Tag: Central Banks
China’s Quantum Leap Forward
On the Significance of Xi Jinping Thought on China and its Development
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Mao Zedong made the Chinese nation stand up, Deng Xiaoping made the Chinese people rich, and Xi Jinping will make the Chinese people strong.
China’s Quantum Leap Forward
CBDC Failed: Congress Is Banning CBDC With Massive Support
Related:
Dueling Digital Dollar Bills Debated in Congressional Hearing on U.S. CBDC
Will Citizens’ Distrust of Government Surveillance Stop CBDCs?
But the eNaira launch came nine months after the CBN effectively banned cryptocurrencies, which were used to fund anti-police brutality protests that swept the country in late 2020. The CBN claimed crypto jeopardized the financial system and could be used to fund terrorism and froze protestors’ bank accounts.
Central Bank Gold Buying Continued Hot in July
After returning to net gold buying in June, central banks continued to add to their gold reserves in July.
Central Bank Gold Buying Continued Hot in July
[2014] 14 African Countries Forced By France To Pay Colonial Tax For The Benefits Of Slavery And Colonization
Did you know many African countries continue to pay colonial tax to France since their independence till today!
14 African Countries Forced By France To Pay Colonial Tax For The Benefits Of Slavery And Colonization
Why might Africa want France gone? + ECOWAS Activates Standby Force for Potential Niger Intervention
Let’s continue to follow the post-coup situation in Niger. We had Victoria Nuland travel to Niger, presumably to help organize the overthrow of the government since 1- that’s usually what a visit from Nuland portends and 2 – a “rebel movement” called the Council of Resistance for the Republic under the leadership of someone named Rhissa Ag Boula started just after her visit. If there is going to be a Western war over this coup, it is likely that Nigeria – the giant country in West Africa with 224M people, much bigger than all other countries in the region combined – will be a part of the intervention, as would France and presumably the US. Other countries of the region are lining up on one or the other side, with Burkina Faso, Mali, and Algeria all lining up with the post-coup Niger government, so we are in a scary situation.
Why might Africa want France gone?
Related:
ECOWAS Activates Standby Force for Potential Niger Intervention
Sanctioning China Will Destroy The Dollar | America’s Ultimate Mistake
If the United States and its allies impose sanctions on China, this could be the greatest financial mistake in all of modern history. Unlike Russia, China is more resilient and has deeper ties across the global economy. Punishing China will likely backfire against the dollar and unleash a de-dollarization wave that could knock it off the reserve status. Here’s what you must know!
Sanctioning China Will Destroy The Dollar | America’s Ultimate Mistake via Sean Foo
Related:
One Year After Russia Mega Sanctions, Senate Asks ‘Can We Do Same To China”
The West Tried to Isolate Russia. It Didn’t Work.
After Russia invaded Ukraine, the West formed what looked like an overwhelming global coalition: 141 countries supported a United Nations measure demanding that Russia unconditionally withdraw.
The West Tried to Isolate Russia. It Didn’t Work.
Central banks risk setting off a financial earthquake with constant rate rises, warns ex-IMF economist
“Liz Truss got the blame but the underlying cause was Jay Powell’s rate rises in the US, which has pushed up rates for everybody,” he says.
There Is No Such Thing As Wage-Driven Inflation
Few know the name of Walter Heller, one of the first Chairs of the Council of Economic Advisers, and an adviser to President Kennedy. In 1968, however, he was a giant in economics who published in all the top journals. Fresh from his years in the Kennedy White House, he was invited to debate the relative importance of fiscal and monetary policy with another giant in economics, Milton Friedman, in a small book published by W.W. Norton & Company. Rarely do such debates interest more than a few thousand individuals. This is an exception, as a decade later PBS invited Heller and Friedman to debate their views on inflation.
There Is No Such Thing As Wage-Driven Inflation
Related:
Debunking: “If You Raise The Minimum Wage, It Will Cause Inflation”
Ms. Cat’s Chronicles 
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