1+ hour, 42+ min ago   (219+ words) Before Alan Greenspan became the most well-known and respected Federal Reserve Chair of modern times, he was a member of novelist and philosopher Ayn Rand’s inner circle and a contributor to her Objectivist newsletter. One of the most important pieces…...

2+ week, 4+ day ago   (564+ words) Vacation season is upon us, and nobody knows how to vacation better than our friends in Europe. Whereas many Americans settle for a weeklong summer vacation — often supplemented with day trips — Europeans commonly spend two to four weeks at the…...

2+ mon, 1+ week ago   (230+ words) It’s common for the media to dismiss those extolling the virtues of the classical gold standard by pointing out most mainstream academic economists hate that idea. That skepticism is reminiscent of a time when the academic consensus was also wrong…...

2+ mon, 2+ week ago   (289+ words) I am not an economist, but I do have some personal experience with the principles of economics and the rules that allow, especially Americans, to prosper while becoming more self-reliant and less dependent on government. The central flaw in this…...

2+ mon, 3+ week ago   (696+ words) By ANNE D’INNOCENZIO, AP Retail Writer Still, economists worry that spending will fall off more dramatically in the coming months as benefits from the refunds dissipate, and shoppers continue to grapple with the cumulative impact of rising gas prices at…...

3+ mon, 2+ week ago   (519+ words) During a Thursday event announcing a deal with drugmaker Regeneron to lower the cost of its pharmaceutical products, Trump defended his past claims that prices on prescription medications had been cut by well over 100% — something that is mathematically impossible without…...

3+ mon, 4+ week ago   (960+ words) Consumer prices rose 3.3% in March from a year earlier, the Labor Department said Friday, up sharply from just 2.4% in February and the biggest yearly increase since May 2024. On a monthly basis, prices rose 0.9% in March from February, the largest such…...

4+ mon, 6+ hour ago   (353+ words) And “many” of the officials pointed to the risk that higher oil and gas prices could keep inflation elevated for “longer than expected, which could call for rate increases” to push inflation back down. For about 18 months, the Fed has…...

4+ mon, 3+ week ago   (539+ words) For now, the clearest way forward for the 12-member rate-setting committee, led by Chair Jerome Powell, is to stand pat and wait to see which way the economy goes. The Fed is expected to keep rates unchanged Wednesday, and may…...