Inflation Is Irrelevant If You Can’t Buy Anything Anyway

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Inflation worries are pushing down approval ratings for President Biden and the Democrats. But this might be one of those cases of two wrongs making a right. Or maybe three. You can’t really spend extra money on higher prices if there’s no one around to sell you a product, or if the product is still stuck on a container ship somewhere.

People Fight for Freedom. Markets Panic.

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As Egyptians revolt against President Hosni Mubarek, news accounts warn that “instability” threatens stock market volatility. How much does this reveal about our economic system?

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