The truth will out.
by Brendan Brown via Mises.org Previous sustained surges in consumer prices – otherwise described as big levies of inflation taxation – have brought in their wake episodes of monetary normalization. These have usually featured a “return to gold” or at least to monetary rules associated with the gold standard. The 2021-2 surge will likely prove […]
by Ryan McMaken via Mises Institute It seems supporters of the Biden administration finally settled on a narrative they like for explaining away supply chain shortages. Here’s the administration’s talking point: the US economy is rolling along so well that Americans are demanding huge amounts of goods. That’s overwhelming the supply chain and causing the […]
by Daniel McAdams Ron Paul Institute Conventional wisdom – particularly as pushed by the mainstream media – is that our current economic bottle-necking, inflation, and labor shortages are all caused by the “pandemic” that emerged early last year. If it’s anyone’s fault, it’s the fault of the virus, not the noble politicians who spent the […]
The International Monetary Fund (IMF) has an updated forecast on inflation. Not surprisingly, their October 2021 forecast claims that there is only a 10 percent probability of inflation remaining above 3.4 percent by the end of 2021. Although they are sticking to the transitory inflation narrative, it certainly looks like inflation is on their radar […]
by Daniel Lacalle Mises.org In the economy, real economic return on investment is not just an important metric. It is crucial. That is why I find it so intellectually dishonest when some economists look at the GDP and employment growth without putting it in the context of the massive increase in debt, spending, and money supply. […]
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 […]
by Ron Paul via Ron Paul Institute september 27, 2021 Following revelations that Federal Reserve officials made trades in financial assets while the Fed was taking extraordinary efforts to “stimulate” the economy, Federal Reserve Chairman Jerome Powell ordered a review of the Fed’s ethics rules. While these trades appear problematic, they pale in comparison to […]
Federal Reserve Chairman Jerome Powell says inflation will be transitory and that the “process of inflation” will stop, but that’s not what I’m seeing in the real world. Every where I look (or shop), I see more and more signs of the effects of monetary inflation on prices–commodities, rents, real estate, food, and financial assets […]