Interesting facts on inflation

Let’s talk about inflation. It affects everyone, but it’s not always well understood. There are also some interesting points to make. What causes inflation? Milton Friedman said, “inflation is always and everywhere a monetary phenomenon.” In other words, inflation occurs when too much money is created relative to the supply of goods and services. This …

Study finds Dodd-Frank harmed small business

The Dodd-Frank Act was passed by Congress in 2010 as a response to the 2007-2008 financial crisis. Its main goal was to make the banking system safer. Many people suggested that Dodd-Frank would harm small businesses. A new study by Michael Bordo and John Duca for the National Bureau of Economic Research (NBER) seems to confirm …

Two reasons to be optimistic about the future

Let’s talk about a couple reasons we should be optimistic about the future. The two reasons are somewhat random and not connected. One relates to the US, while the other applies anywhere. Divisive US politics Is divisive politics a reason to be optimistic? Well, it could be. It’s possible that the experiences of Presidents Obama …

The dark side of the FDA

No doubt many people think of the US FDA as a generally good institution that keeps us safe from harmful food and drugs. There is some truth to that. But it’s not all sunshine and lollipops. High-priced drugs You may recall the uproar a year or two ago when Mylan, the maker of the EpiPen, …