We've seen pictures of empty shelves in Venezuela. Meantime, the one-year return on the Caracas stock exchange is 1,804.92 percent. If you're already rich in assets, inflation is a big nothing burger. But it's a problem if you're poor.
The covid panic brought an end to due process in many ways. Among these are the end of speedy trials and the end of a timely hearing for landlords to obtain evictions. Meanwhile, governments have seized private businesses with no due process at all.
The founders of the new constitution proposed a cynical end run around state legislatures in order to improve the odds of ratification. The "founding fathers" increasingly abandoned established law, justifying it with claims of a "national emergency."
Governments always justify printing more money with the excuse that there is no inflation. When inflation rises, they say it is transitory. And when inflation soars, governments blame businesses and shop owners, presenting themselves as the solution with “price controls.”
During March 2021, year-over-year (YOY) growth in the money supply was at 34.1 percent. That's down slightly from February's rate of 39.1 percent, and up from the March 2020 rate of 11.3 percent.
In Las Vegas, asset price inflation is combining with rising prices on building materials to create a real estate bubble of remarkable proportions.
Economic inequality caused by money printing benefits most those who claim to stand up for "the little guy" and denounce "trickle-down" markets. But there is nothing more "trickle down" than government money printing from on high.
Just as SJWs redefined justice as "social justice"—with big implications for how we view true justice—politicians are redefining infrastructure to justify even more government intervention in daily life.
Raising the US corporate tax would drive more capital out of the US. But the tax hike will be less risky if the US can get other countries to raise their tax rates as well.
Austrians do not question booms because they don’t like prosperity or because they have character defects. Rather, Austrians understand that booms involve lines of investment in areas of production that cannot be sustained.
