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Let me explain the problem (without being an alarmist). Because while social media thrives on stark takes, the reality is nuanced.
In a system dominated by Keynesian economics the word "deflation" is considered taboo; like saying Donald Trump's name out loud in a crowded Seattle yoga studio.
In a system dominated by Keynesian economics the word "deflation" is considered taboo; like saying Donald Trump's name out loud in a crowded Seattle yoga studio.
Perhaps it's just for convenience that most macroeconomics textbooks still teach and discuss monetary and banking policy as if the 2008 and 2020 changes never happened.
After switching to LED lighting, solar, wind, and every energy efficient thing you could imagine, how is it that our electric bills keep going up??
It's not elegant, it's not moral, but it's historically reliable and gets politicians and bankers off the hook of taking actual responsibility - so of course it's the easy choice.
...technocratic jargon cannot obscure the simple truth: we have built an economic system requiring perpetual monetary expansion to avoid collapse...
We sat down with Dr. Dr. Kirk Elliott to break down the twin disasters forming in America's economy:
Thanks to rampant inflation, socialism - and the poverty it inevitably brings - could soon become irreversibly entrenched in the United States, just as it has in numerous Third World countries.
Borrowing more to maintain spending is hanging on by one's fingernails, not middle-class security.
So what is going to happen to our standard of living if these trends continue to intensify during the months ahead?
Prime Minister tries to reassure markets 21.3 trillion yen spending package is sustainable, prudent and non-inflationary
Imagine earning $100 in January, only to have it buy less than $80 worth of goods or services by December. That's how fast inflation is eating away at purchasing power in some countries.
The middle class in the United States is being systematically destroyed. I know that this may sound like an obvious statement to many of you, but when I first started writing about this more than a decade ago it wasn't an obvious statement.
America is on the cusp of the most power-hungry decade in a generation.
