What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general rise in commodity prices and wage rates which is the inevitable consequence of inflation. ~Ludwig von Mises
Foreword Nothing in this article is unique. Literally nothing. I am heavily borrowing (with full credit where it is most due) from the technical and monetarist gurus whom have most influenced my life from a financial standpoint. To download this article as a PDF – click here. Dave Ramsey—who doles out solid financial advice “your […]
Inflating the money supply (aka creating massive inflation) during a crisis and going into massive debt is like trying to dig your way over a mountain. History should be our guide, not Keynesian vudu. Actual transcript from Powell during his interview on 60 Minures below: https://www.cbsnews.com/news/coronavirus-economy-jerome-powell-federal-reserve-chairman-60-minutes/#app Scott Pelley: Where does it come from? Do you […]
