Inflation Is Irrelevant If You Can’t Buy Anything Anyway

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.

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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