Myth #5: Economists, Using Charts or High Speed Computer Models, Can Accurately Forecast the Future
Myth #4: Every Time the Fed Tightens the Money Supply, Interest Rates Rise (Or Fall)
Myth #3: Tax Increases Are a Cure for Deficits
Voters Hate CBDCs. Why Do Governments Keep Pushing Them?
Governments worldwide are trying to replace cash with CBDCs, and people worldwide are starting to wake up, but we need a lot more.
A CBDC is a government-run crypto-token that replaces the national currency with a tracking ledger—a list of who owns what—that lets government surveil, control, and mandate every dollar you spend.
Commodity Prices Debunk the “Blame Ukraine” Excuse for Inflation
Most politicians have used the “Ukraine invasion card” to justify the massive inflationary burst in 2021-2023.
It does not matter if inflation was already elevated prior to the war. Supply chain disruptions, demand recovery, wage growth… Many excuses were used to justify inflation, except the only one that can make aggregate prices rise in unison, which is the creation of more units of currency well above demand.
Myth #2: Deficits Do Not Have a Crowding-Out Effect on Private Investment
The Inevitability of Fedcoin
The Federal Reserve has dedicated an entire section on its website to provide information about its upcoming Central Bank Digital Currency (CBDC). The first sentence on the page reminds readers:
… the Federal Reserve has made no decisions on whether to pursue or implement a central bank digital currency, or CBDC, we have been exploring the potential benefits and risks of CBDCs …
