Twenty-six years ago, the debate was over whether or not the target inflation rate should be raised from zero to 2 percent. Now we're being told it should be 4 or 6 percent.
Long before there was the infamous German inflation of 1923, the Reichsbank created the scenario of monetary debasement.
Investors should not care whether the Fed pivots or not if they analyze investment opportunities based on fundamentals and not on monetary laughing gas.
One hardly can imagine a better tool of social control than a digital currency. Not surprisingly, US monetary authorities are moving in that direction.
Cutting taxes does not add units of currency to the economy. It is the same quantity of currency only a bit more in the pocket of those who earned it.
Twenty-six years ago, the debate was over whether or not the target inflation rate should be raised from zero to 2 percent. Now we're being told it should be 4 or 6 percent.
Investors should not care whether the Fed pivots or not if they analyze investment opportunities based on fundamentals and not on monetary laughing gas.
"It is surely folly to say that government must socialize all property in order to prevent anyone from stealing property. Yet the reasoning behind abolition of private coinage is the same."
