A subtle understanding of economic change comes from a knowledge of history and large affairs, not from statistics or their processing alone…Arthur Burns While the the ultimate resolution of the current economic imbalances will have very significant long-term consequences, it also has important shorter-term implications for investors. Namely, the fear of banking collapse has driven … Continue reading About that imminent banking crisis… don’t hold your breath. We get inflation instead!
The next stage: banking crisis or inflation?
A subtle understanding of economic change comes from a knowledge of history and large affairs, not from statistics or their processing alone...Arthur Burns (Federal Reserve Chairman and Milton Friedman's economics professor) Since the last financial crisis, Renegade Inc. has produced a long series of documentary programs and interviews with leading economists and thinkers like Richard … Continue reading The next stage: banking crisis or inflation?
Inflation: we passed the phase transition
During the 1970s inflation, M2 money supply growth never surpassed 14% per annum. This year we just blew past 23%. It is time to start paying attention!
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