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.
Money supply growth slowed even more in October, and is now back to levels we last saw during the repo liquidity crunch of 2019, and in the days right before the 2007–09 recession.
An upcoming recession likely will lead to falling asset prices. But these price decreases do not cause recessions, but rather are a result of them.
As inflation ravages the economy, easy money is disappearing, with political and legal consequences to follow.
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.