The truth will out.
by Frank Shostak via Mises Institute Some commentators attribute the latest sharp increase in the Consumer Price Index to businesses pushing prices of goods higher in order to secure higher profits. (See the New York Times article “Democrats Blast Corporate Profits as Inflation Surges,” January 3, 2022). Note that the yearly growth rate of the Consumer Price […]
by Doug French via Mises Institute Back to 2020, the federal government’s covid-mandated shutdown of meat production plants hobbled the nation’s meat production capabilities, leaving farmers with nowhere to send their beef. This resulted in them having to cull cattle and other livestock. The uncertainty caused farmers to scale back their production at the time, […]
by Tho Bishop via Mises Institute Price inflation is the highest its been since 1982. Real wages are plummeting. Joe Biden’s approval ratings are now on par with George W. Bush’s after both the Iraq War, the financial crisis, and eight years of Jon Stewart. This is with the benefit of Kim family–level devotion from the […]
by Brendan Brown via Mises Institute In the incessant media discussion about whether inflation is transitory there is a big elephant in the room about which all are silent. Perhaps strangely some do not see it. Others for whatever reason pretend it is not there. The elephant is the fantastic surge in US corporate profits that […]
by Daniel Lacalle via Mises Institute The global recovery has slowed down significantly since the peak of the reopening effect in June 2021. What many expected would be a multiyear cycle of above-trend growth is proving to be a more modest bounce. Furthermore, according to Bloomberg Economics, the global economy will likely grow in the […]
by Alex J. Pollock via Mises Institute Runaway house price inflation continues to characterize the U.S. market. House prices across the country rose 15.8% on average in October 2021 from the year before. U.S. house prices are far over their 2006 Bubble peak, and remain over the Bubble peak even after adjustment for consumer price […]
by Ryan McMaken via Mises Institute Lee esto en Español A certain meme has become popular among advocates of both gold and cryptocurrencies. This is the “Fix the money, fix the world” meme. This slogan is based on the idea that by switching to some commodity money—be it crypto or metal—and abandoning fiat currency, the […]
by Mises Institute First, we must define inflation: it is the increase in the quantity of money, currency, and credit. It is not an increase in prices. Changes in the general price level is the consequence of a combination in changes of the quantity of deposit currency and changes in the level of the public’s […]
by Matt Ray via Mises Institute For more than a century, an inflationary monetary policy has plagued the United States. Most recently, price inflation has become the most obvious consequence of the Federal Reserve’s actions to the public. Other effects, while less visible, have been no less pernicious. Indeed, inflation is particularly insidious because rising […]
by Ron Paul via Ron Paul Institute Bloomberg News recently solicited advice from Argentinians who lived through that country’s high inflation on how Americans should cope with rising inflation. The Argentinians suggested Americans spend their paychecks as fast as possible to avoid future price increases. They also suggested taking out loans that can be paid […]
by Daniel Lacalle via Mises Institute Senator Elizabeth Warren recently stated that rising prices were due to corporations increasing their profits. “This isn’t about inflation, this is about price gouging for these guys.” It is simply incorrect. No, corporations have not doubled their profits, and rising prices are not due to the evildoings of businesses. If evil […]
by Matthew Piepenburg via Gold Switzerland If you’re wondering why the media, markets and mandates are making less sense despite a constant flow of hard facts contradicting their message, it’s critical to watch what is done rather than said by the policy makers behind the fear and inflation “new normal.” The Latest Fed-Speak Translation: From […]
by Ryan McMaken via Mises Institute According to new data released Friday by the Bureau of Labor Statistics, price inflation in November rose to the highest level recorded in nearly forty years. According to the Consumer Price Index (CPI) for November, year-over-year price inflation rose to 6.8 percent. It hasn’t been that high since June […]
By Egon von Greyerz via Gold Switzerland In this brief yet thorough presentation for the 2021 International Precious Metals & Commodities Conference (Edelmetallmesse) in Munich, Matterhorn Asset Management founder, Egon von Greyerz, makes a clear, data-supported argument for gold ownership and the binary outcomes of misery or fortune for investors in the context of an […]
by Egon von Greyerz via Gold Switzerland “So you think that money is the root of all evil. Have you ever asked what is the root of all money?”-Ayn Rand Money used to be a stable medium of exchange and a store of value but that was in the days when there were sound monetary […]
by William L. Anderson via Mises Institute Almost anyone who follows social media is familiar with the latest tweets by Senator Elizabeth Warren, who has pronounced her verdict on higher food and gasoline prices: they are nothing less than the result of corporate greed. In fact, according to Warren, there is no inflation, only corporations arbitrarily […]
by Ron Paul via Ron Paul Institute Inflation was an unwelcome guest at this year’s Thanksgiving gatherings. According to the Farm Bureau, a traditional Thanksgiving meal cost 14 percent more in 2021 than the same meal cost in 2020. Many families went without certain Thanksgiving favorites — or limited their guests — to reduce costs […]
by Daniel Lacalle via Mises Institute United States consumer confidence has plummeted to a decade-low in November. The University of Michigan’s consumer sentiment index fell to 66.8 in November, down sharply from the October figure of 71.7 and well below consensus forecasts of 72.4. Inflation is hurting consumers and the impact on daily purchases is more […]
Katharina Buchholz at Statista notes, Economic recovery following the lockdown era of the coronavirus pandemic has caused the price of goods and services to rise since the start of 2021 in many developed nations. Consumers catching up on spending coupled with persistent stock problems have created a climate of scarcity as pandemic effects continue to […]
Don’t be fooled. Cryptocurrencies, like Dogecoin or even Bitcoin, should not be considered a hedge against inflation or economic calamity. These digital creations tend to act more like “risk-on” assets, and the speculative frenzy surrounding them has certainly been fueled by the Federal Reserve’s massive and reckless money printing. Cryptos are an definitely interesting and […]
by Nick Routley via Visual Capitalist The Briefing The inflation rate in the U.S. has seen its fastest annual increase in over 30 years Fuel, transportation, and meat products are seeing some of the steepest increases Prices have been going up in a number of segments of the economy in recent months, and the public […]
by Ron Paul via Ron Paul Institute What do the Federal Reserve and neoconservatives have in common? They both refuse to admit that their policies — the neocons’ promotion of perpetual war and the Fed’s manipulation of the money supply — are complete failures, having produced the opposite of the promised results. The latest example […]
by Daniel Lacalle Mises.org In the economy, real economic return on investment is not just an important metric. It is crucial. That is why I find it so intellectually dishonest when some economists look at the GDP and employment growth without putting it in the context of the massive increase in debt, spending, and money supply. […]
by Ron Paul via Ron Paul Institute september 27, 2021 Following revelations that Federal Reserve officials made trades in financial assets while the Fed was taking extraordinary efforts to “stimulate” the economy, Federal Reserve Chairman Jerome Powell ordered a review of the Fed’s ethics rules. While these trades appear problematic, they pale in comparison to […]