The truth will out.
by Daniel Lacalle via Mises.org The history of economic development cannot be understood without the importance of recession periods. Recessions are often the result of the excess accumulated in previous years. Creative destruction after a period of excess used to drive a stronger recovery and continued economic development. That was until risky assets became the […]
by Matthew Piepenburg via Gold Switzerland Below, we look at the converging market forces, policies and math which portend a re-thinking of American Exceptionalism for 2022. The Fed’s REAL Mandate As expected, the Fed is an essential starting theme in any conversation of this nature. Officially, the Fed has two primary mandates: 1) containing inflation […]
written by Mark Thornton Mises.org The Federal Reserve has been increasing the money supply at an explosive rate. The federal budget, deficits, and the trade deficit are record levels. Governments, both foreign and domestic, have locked down people, restricting production and consumption. How should this be viewed by an economist? There is clearly chaos in […]