Why Price Deflation Is Always Good News
A general decline in prices is good news for wealth generators, since deflation means the economy is cleaning out its bubble-fueled, wealth-destroying activities
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A general decline in prices is good news for wealth generators, since deflation means the economy is cleaning out its bubble-fueled, wealth-destroying activities
If a politician has no clue about what causes price inflation, she probably isn’t going to have any idea about how to fix the problem
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“With inflation well above 2 percent and a strong labor market, the Committee expects it will soon be appropriate to raise the target range for the federal funds rate.”
Suggests buying physical gold as the US dollar becomes worthless
With no sense of irony, politicians frequently champion expensive and wasteful policies and programs, without a moment’s consideration to how their own policies and programs could be harming those they…