Supply Chain Disruption and the Hidden Realities behind Inflation
Although the war began in February, supply chain disruption is hitting home now, as are many other knock-on effects from Russia’s invasion of Ukraine.
Macroeconomics: Global Central Banks News & Highlights
30 Trillion Reasons
Inflation is a policy. It’s a tax. Like all taxes, it lands on some harder than others. And the farther you go down the wealth mountain, the harder it falls.
What CPI Really Stands for…Conning People Indefinitely
The randomly selected 2% is the Holy Grail our (clueless) inflation warriors so covet…and slavishly pursue. Belief in this target is now so absolute, no one in the economics profession or financial industry asks the question ‘why do we have this target?’.
The Fed’s Fix
Larry Summers, ex US Secretary of the Treasury, went way out on a limb on Wednesday, Fox News was there: ‘Former Treasury Secretary Larry Summers predicts there will “almost certainly” be a “downturn in the economy”’:
After the Party
Inflation is always and everywhere a political phenomenon. We get inflation when the politicians spend more than they can afford…and then ‘print’ money to fill the gap. It is fundamentally a default to creditors
The Enemy’s at the Gates! Fight Back Now!
The way to win a war is in the element of surprise. And what bigger surprise is there than fooling your enemy into thinking there isn’t a war?
