Text size Farmers descended on Washington to protest high interest rates in 1979. Charles Harrity/AP/Shutterstock About the author: Robert Heller is a former member of the Federal Reserve Board of Governors. As Milton Freedman said in 1970, “Inflation is always and everywhere a monetary phenomenon.” Little has changed since then. For most of the 1970s, […]

While President Joe Biden continues to pursue anti-energy initiatives at the national level, those same policies appear to be unraveling at the state level. The proposed restrictions on oil and gas use that sit at the heart of Biden’s “Build Back Better” agenda would only further accelerate rising consumer costs. The House version of the bill, for instance, […]

Jan. 6, 2022 4:40 pm ET Meta CEO Mark Zuckerberg. Photo: Nick Wass/Associated Press In “No Facebook Funding for Elections” (op-ed, Dec. 31), Tarren Bragdon and Joe Horvath endorse a ban on private funding for public election administration. The problem they target—partisan spending by public officials—may be real, but their proposed ban is a significant […]

GAFA is an acronym that refers collectively to Google LLC; Apple Inc.; Facebook Inc., which recently renamed itself Meta Platforms Inc.; and Amazon.com Inc. These U.S.-based information technology (IT) giants also are known as “platformers” because they provide online platforms for internet search, electronic commerce and social media, among other functions. Few people today are […]

When you watch a magician wave his right hand in a flourish, keep an eye on his left, because that’s usually where the real action is. This lesson is certainly true of Facebook’s own recent “magical” flourishes. First, Facebook unveiled a new name — Meta Platforms FB, -1.12% — as part of its project to […]

From container-ship pileups at West Coast ports to the Ever Given’s viral weeklong blockage of the Suez Canal to shortages ranging from the quirky (cream cheese) to the catastrophic (semiconductors), the supply chain has never been as top of mind as it was in 2021. Case in point: The best-performing industrial stock on the S&P […]

Individuals may have digital dollars accessible by way of smartphones inside a couple of years. Paper cash and checkbooks gained’t go away fully however the general advantages of digital cash are compelling. Most of us already obtain paychecks, Social Safety advantages and another funds digitally by way of direct deposit. We are able to swap these funds […]

Do traders in Meta Platforms inventory know one thing that the remainder of Wall Avenue doesn’t? For the reason that firm modified its identify from Fb FB, +1.28% in late October, the inventory is up 8%. But there’s been no corresponding improve within the consensus estimate of the corporate’s future earnings. Quite the opposite, the […]

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