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Why the Fed is right — this time

Suddenly, nearly everyone wants the Federal Reserve Board to cut interest rates. I’ve been arguing for this for nine months, so it’s nice to see the economic intelligentsia is finally persuaded. The Fed has become a restraint on growth since last August thanks to...

Tortured logic at the Federal Reserve

I’ve been shouting from the rooftops for six months that the Federal Reserve is too tight on money and that this lack of dollar liquidity has cut into growth. So it is somewhat vindicating that Fed Chairman Jerome Powell seems to be finally coming around to that idea....

The problem is stagnation of men’s wages

Almost all of the economic discussion of late has been on the “wage gap” between men and women. A case in point: California Sen. Kamala Harris wants to create a federal bureaucracy that will ensure the government has more influence over workers’ pay than workers and...

The Fed hurts farmers more than China does

There’s no question that many farmers are struggling this year with incomes down and bankruptcies up. Though some of the more dire reports on the farm sector recorded in the media are exaggerated, what is indisputable is that prices for major commodities such as corn...