NEWS PICKS
(WSJ) Democrats Brace for Rewrite of Biden Spending Plan to Woo Joe Manchin
(DAILYMAIL) Kamala’s aide tries to CUT bad-tempered interview with Charlamagne Tha God by ‘FAKING’ technical issues
(THE WASHINGTON POST) THE FEDS WORDS STILL DON’T MEASURE UP TO THE CHALLENGE OF INFLATION
There have been few, if any, instances in which inflation has been successfully stabilized without recession. Every U.S. economic expansion between the Korean War and Paul A. Volcker’s slaying of inflation after 1979 ended as the Federal Reserve tried to put the brakes on inflation and the economy skidded into recession. Since Volcker’s victory, there have been no major outbreaks of inflation until this year, and so no need for monetary policy to engineer a soft landing of the kind that the Fed hopes for over the next several years.
COVID A POLITICAL TOOL OF DIVISION AND AUTHORITARIANISM
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