Many others have explained why inflation is part-and-parcel of the status quo. In the simplest terms, where’s why inflation is essential: 1. Our economy and financial system are totally dependent on...
Charles Hugh Smith
Charles Hugh Smith is a contributing editor to PeakProsperity.com and the proprietor of the popular blog OfTwoMinds.com. He is the author of numerous books, including Why Everything Is Falling Apart: An Unconventional Guide To Investing In Troubled Times.
Latest work
It’s time to reprogram the conditions of the economy to serve the many rather than the few. Star Trek’s Kobayashi Maru training exercise tests officer candidates’ response to a no-win scenario: any...
If a currency can’t be converted on demand into the underlying commodity, it’s not “backed” by that commodity. The broke and broken country of Venezuela appears to be the first nation-state to issue a...
