Inflation

In a May 2021 essay, Curtis Yarvin (a.k.a. Mencius Moldbug) argues that the American economy runs on an inflation machine.

We've all hear the reports of inflation by now, but what about the shrinkflation going on?

Since the corona panic, the Fed has bought a ton of government bonds, but it's also started buying corporate bonds, has abolished reserve requirements, redefined their M1 measure, and switched to average inflation targeting.

 Vijay Boyapati explains why other Austrians should have listened to him in 2010 when he warned that their inflation predictions were wrong. 

In this chapter, we’ll assess several popular explanations for why the Fed’s monetary inflation since 2008 hasn’t generated a comparable increase in price inflation.

According to popular thinking, the sharp decline in money velocity since June 2008 is likely to neutralize recent strong money supply increases’ effect on price inflation ahead. This is a fallacy.

If we take the tax burden and asset price inflation into account, real incomes in Germany aren't doing nearly as well as the official data suggests. 

Although it is important to recognize that massive price inflation is always the result of massive monetary inflation, there isn’t a stable relationship between the two.

It should be clear by now that the unbacked paper money system is not only a cause of crises, it is also the central instrument of control for the oligarchic party elites and their supporters.

There is no better work to explain the broader implications of central banking which go almost totally unremarked in the financial press than The Ethics of Money Production.