The US fiat monetary regime not only has given us inflation and boom-and-bust cycles, but it also is the main contributor to the out-of-control government spending and debt accumulation.

The standard line among most economists is that deflation is as bad or even worse than inflation. In reality, the economy needs deflation now more than ever.

We know that Q-Day is coming upon us when AI moves to another level and humans must make the adjustments. State-sponsored solutions will fail, and the only way forward is the free market.

Last week’s CPI report, and this week’s PPI report both showed price inflation surging to multi-year highs, and not just on oil prices.