Thanks to their adoring media, politicians create crises and then blame businesses for them. And the political "solutions" are worse than the original problems.
The incredible growth and success of SVB could not have happened without negative rates, ultra-loose monetary policy, and the tech bubble that burst in 2022.
As Murray Rothbard wrote, inflation is not an increase in prices. It is, instead, an increase in the supply of money in circulation. The distinction is important.
It is no secret that freedom, both socially and economically, are disappearing in the USA and Great Britain. The consequences will be most severe if we do not reverse these patterns.
It is no coincidence that the boom in mass-produced goods made specifically for children, "coincided closely with the rise of the middle-classes, industry, and capitalism."
Wall Street has convinced itself that the Fed will soon engineer a "soft landing" by bringing down inflation without an accompanying recession. They need to rethink their beliefs.
