As you know, I keep asking what it is, precisely, that's causing our current round of inflation. What are the underlying economic pressures that are permanent enough that they won't go away unless the Fed drives us into a recessionary ditch? A couple of days ago I was looking at the money supply, and today ...continue reading "Raw data: The M2 money supply"
Oh, Fifth Circuit Court of Appeals. Whatever will you do next? The qualified immunity complaints of Judge Don Willett notwithstanding, the Fifth Circuit is where you go if you want batshit decisions that run contrary to common sense, much less established constitutional law. If you need a decision that sides with the government — no […]
Atrios has a question about the rich: Why do people own 7 houses? Or keep working long after they have more money than they can ever spend?...I guess, to me, money can buy a degree of freedom from hassle, yet so many people who have it choose to not use it that way. Atrios has ...continue reading "Why do people own 7 houses?"
Humble Pie has just released a collection of rare studio tracks, titled I Need a Star in My Life, that they recorded during the mid-1970s. The 20-song compilation is available now on…
Nile Rodgers celebrated his 70th birthday on Monday. In honor of the milestone, and to mark the 20th anniversary of his We Are Family Foundation, the legendary guitarist, producer and…
A Ballwin man pleaded guilty in federal court today to distribution of fentanyl after providing the drug to an acquaintance who then died of an overdose. After the acquaintance fatally overdosed, Quinton O'Bryan Adaway, 26, admitted he hid the body in his backyard. Adaway says he and the victim, identified as M.C., were at Adaway's house on July 11, 2020, or early the next day, when Adaway gave him several fentanyl capsules.
The Federal Reserve has approved its third consecutive interest-rate increase of 0.75 percentage point, leading to more volatility in the stock markets. But students showing for a finance career conference said they're not deterred from jobs in the industry. "If I can be a hero and help people retain more money, I could help them keep up with inflation."