Day: August 30, 2020

End of an Abe Era for Japan

End of an Abe Era for Japan

August 30, 2020
Japan’s longest-serving Prime Minister, Shinzo Abe, 65, announced his resignation on Friday. Citing ill health, he told a press conference in Tokyo that as he “cannot make any mistake in terms of impo…
The Fed Redefines Inflation Again

The Fed Redefines Inflation Again

August 30, 2020
The original definition of inflation was an expansion of the supply of money. If you create more money while keeping everything the same, ceteris paribus, then prices should rise accordingly. This is …