Deflation Is Not a Problem: Reversing It Is
Keynesian economists claim that deflation is as bad or worse than inflation. But deflation not only reverses inflation's bad effects but also allows new wealth creation.
Keynesian economists claim that deflation is as bad or worse than inflation. But deflation not only reverses inflation's bad effects but also allows new wealth creation.
As inflation ravages the economy, easy money is disappearing, with political and legal consequences to follow.
Many investors forget that when the easy money is flowing, financial mediocrities and even outright frauds can be made to look like legitimate geniuses.
Long before there was the infamous German inflation of 1923, the Reichsbank created the scenario of monetary debasement.
The Federal Reserve has not only mismanaged the US economy; even its own "portfolio" is underwater.
The Fed's predictable response to inflation is based on erroneous economic thinking common with Keynesians. Only a free-market approach can reduce inflation and restore true market interest rates.
The common view of inflation is that it is defined as a general increase in prices. Actually, inflation is expansion of the money supply that results in price increases.
The Federal Reserve has not only mismanaged the US economy; even its own "portfolio" is underwater.
Roman Keynesianism that ruined the empire and destroyed the Roman economy.
The dollar's petrodollar status has led the Federal Reserve to irresponsibly inflate the currency. The rest of the world has noticed and is looking for alternatives.