If we change the unit of measure… If you walk through a grocery store or look at current mortgage rates and feel like Washington’s official inflation numbers bear zero resemblance to your monthly bank statement, you are not losing your…
Draining the value of dollars. Every time politicians and commentators discuss inflation, they speak as if it were a natural disaster—an unpredictable storm that somehow swept across the grocery aisles and housing markets. They blame supply chains, foreign wars, or…
Our dollars aren’t what we think they are. Most discussions about central banking get bogged down in technical jargon about basis points, overnight repo facilities, and open-market operations. But beneath the veneer of complex financial engineering lies a fundamental moral…
