The U.S. Money Market Is in Distress
U.S. banks are increasingly resorting to the Fed’s discount window
Read MoreBrazil’s and Argentina’s Proposal for a “Latin American Euro”
A freshly proposed Latin American common currency is making an appearance in the continent in which most countries resemble Greece
Read MoreA Chronicle of Financial Repression (2008 to 2023)
How do we hold bureaucrats responsible for eroding the purchasing power of our money?
Read MoreUS Companies’ Earnings Plummet
US companies see their profits fall by 10 percent in two quarters
Read MoreNobel Prize in Economics 2022: The Failures of the Diamond-Dybvig Model
The Nobel Prize in Economics is becoming increasingly politicized
Read MoreNobel Prize in Economics 2022: A Guide for Dummies
A quick guide to understand the Diamond-Dybvig model of two of the three recent Nobel Prize winners
Read MoreA Guide to the UK Financial Panic
The 2022 recession claims its first victim: the UK financial sector
Read MoreInflation or Deflation: Which Is More Likely?
Last year, I wrote that the current inflation has a fiscal rather than a monetary origin. In other words, we would not have the same inflation in the absence of fiscal stimulus, while we would have the same inflation in the absence of monetary stimulus. For the same reason, I have affirmed and continue to affirm that I view it as unlikely for current inflation rates to begin to consistently exceed two digits, as was the case in the 1970s. This same pandemic fiscal stimulus has caused serious problems in a variety of markets: sea, land and air freight, electronic products and their components, automobiles, and others, which have added fuel to the inflationary fire. This is the origin of the current inflation we are experiencing, and I will try to make my case with data. The Current Inflation In recent months, the rise in the general price level has…
Read MoreStagflation Returns to the United States
Recession and inflation are already here. Will unemployment follow?
Read MoreThe United States Enters a Recession
The world’s largest economy enters a recession as orthodox economists try to change the definition of recession
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