Category: government spending

New York Fed’s Consumer Inflation Report Expects US Inflation To Hit 5.2% By Next Year

Americans are still very concerned about inflation as the latest Survey of Consumer Expectations (SCE) report from August indicates that U.S. consumers expect inflation to be 5.2% a year from…

The 50th Anniversary Of ‘Nixon Shock:’ How Suspending The Dollar’s Convertibility With Gold Fueled Today’s Fiat World

Approximately 50 years ago today, Americans were introduced to ‘Nixon Shock’ when the 37th president of the United States suspended the convertibility of the U.S. dollar into gold. Since this…

US Consumers Expect Inflation To Continue Rising Sharply According To The Fed’s Latest Survey

The Federal Reserve Bank of New York published the Survey of Consumer Expectations report on Monday, which shows U.S. consumers are expecting short-term inflation levels to be higher than usual.…