The expansion of the money supply is, by definition, inflation. By easing its monetary policy, the Fed is effectively committing to creating more inflation.
Economist Thorsten Polleit said, “The path to becoming a surveillance state regime will accelerate considerably” if and when a digital currency is issued.
Authoritarianism leads to poverty, war, chaos in the streets, and a lack of compassion for the less fortunate. Liberty leads to prosperity, peace, and a flourishing of private charities.
The rise in producer inflation certainly indicates we are not in a price-restrictive environment. We’re going to get burned by more inflation and then by more inflationary cures.
Given the abundance of excellent arguments in favor of the free market, there is no need to use argument that accept the enemy’s premise that equality is a good thing.
Basically, we now get bazookas fired by the government and the Fed. Monetary and fiscal policies are used during financial crises on a scale we’ve never seen before.
I wonder what the years of extreme intervention since 2008 did to our indicators. Does the data still mean what we think it does? That’s on top of questions on whether the data is even being measured correctly.
