As the federal government continues its Ponzi scheme of issuing debt to pay for past debts, interest rates will increase to the point where this no longer is a tenable strategy—if it ever was.
Today, the Fed takes a short break from robbing us via inflation and, instead, delivers huge amounts of cash to banks to service Black Friday purchases. The large cash infusions often make banks vulnerable to robberies.
What lies behind the attempt to bypass fear of failure is the perceived lack of any substantial cost to failure. The illusion lasts only for so long before economic reality prevails.
The right way to tackle the problem of inequality is to end inflationary monetary policies. A fortune made through production is a fortune made by serving others. But a fortune made from inflation is a fortune made at the expense of others.
Mark reports on Pimco's former financial guru Mohamed El-Erian's new views on the Federal Reserve.
While the White House claims that inflation is losing steam, the truth is that unless the government changes its reckless monetary course, hyperinflation could be in our economic future.
Modern prosperity is astonishing, but it can quickly disappear if our monetary unit fails. We need to keep up the fight for sound money.
Recorded at the Mises Circle in Fort Myers, Florida, 4 November 2023.
Recorded at the Mises Circle in Fort Myers, Florida, 4 November 2023.
The US economy has deteriorated into little more than a series of asset bubbles driven by the inflationary policies of the central bank.
