Thanks to past interventions, the economy is now rife with malinvestments and prices that don't reflect real demand. The solution is to allow deflation and other types of painful readjustment. Otherwise true growth will elude us.
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
Rob Price is a global macro researcher and investor. He seeks to understand and position for the future through pragmatic research and debate, avoiding forecasts. A positive skeptic — concerned with centralized authority but encouraged by the powerful ingenuity of decentralized decision-making. Rob lives in Los Angeles and serves as the Head of Asset Allocation for a South African institutional pension fund. He reads, writes and tweets about central banking, financial markets and bitcoin.