U.S. Food Inflation Spiraling Out of Control

National Inflation Association The Bureau of Labor Statistics (BLS) today released their Producer Price Index (PPI) report for March 2010 and the latest numbers are shocking. Food prices for the month rose by 2.4%, its sixth consecutive monthly increase and the largest jump in over 26 years. NIA believes that a major breakout in food [...]

How a Rich and Proud Nation Went Broke

By Jim Powell Amidst a multitrillion dollar spending spree, President Obama apparently believes it’s inconceivable that a mighty nation such as the United States could go broke. Yet France, once the most powerful nation in Europe, went broke and was plunged into a revolution that consumed the king and queen. Germany was bankrupted by reparations [...]

Can the Government Regulate Inflation?

By William Anderson In a recent column, Nobel Prize winning economist Paul Krugman claimed that the government needs to have two important duties in finance. First, it must keep interest rates low; second, it must strictly regulate where the newly created money goes. Now, as one who believes that government cannot simultaneously make water run [...]

Welcome to Zimbabwe

By Doug French If you follow economic affairs at all, you know who Ben Bernanke is. He’s the chairman of the Federal Reserve. He was Time‘s 2009 “Man of the Year.” CBS News said he may be the most important Fed chairman in history when Scott Pelley interviewed him for the highly watched 60 Minutes [...]

The Income Tax and American Servitude

By Jacob Hornberger With April 15 almost upon us, this would be a good time to remind ourselves of how the income tax contributed to the destruction of American liberty. We should first keep in mind that with the exception of the Civil War, the American people lived without an income tax from the beginning [...]

Financial Reform 201

By William Anderson Now that ObamaCare has become law, Paul Krugman now is agitating for “financial reform,” once again creating straw men, giving us a picture of the regulatory history of finance that is not true, and proposing “solutions” that only will lead to more problems. Other than that, I guess he will offer sound [...]

The Fed’s Last Hurrah

By Peter Schiff During the 1990s, inflationary Federal Reserve policy fueled a tech stock bubble. When that bubble burst, the Fed inflated a larger one in real estate. Now that the real estate bubble has burst, the Fed is inflating the biggest bubble of them all — a bubble in government. While the earlier booms [...]

Will the U.S. default on its debt?

National Inflation Association We would like to provide you right now with the 10 most important NIAnswers that we have recently added to our database. Please take the time to read and enjoy! 1 – Is there any kind of signal to look out for that would indicate that hyperinflation is close, or will it [...]

Paul Krugman vs. Reality

By Peter Schiff In his latest weekly New York Times column, Nobel Prize-winning economist Paul Krugman put forward arguments that were so nonsensical that the award committee should ask for its medal back. Recent rhetoric from Washington has put the economic relationship between the U.S. and China squarely on the front burner, and Krugman is [...]

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