US Economic Outlook: Default, Hyperinflation or Both

Bill Bonner at The Daily Reckoning reports that “Even if America taxed 100% of all household wealth, it would not be enough to put its balance sheet in the black”, which I note seems exactly right to me, and I am able to corroborate Mr. Bonner’s analysis because it seems to me that I . . . → Read More: US Economic Outlook: Default, Hyperinflation or Both

The Inflation Problem

Another year, another messy situation with inflation: we continue to suffer the consequences of faulty economic policy institutions. To get a sense of what is going on, be sure to ignore the standard year-on-year inflation data (which shows what happened in the last 12 months), and instead use seasonally adjusted month-on-month price changes (which . . . → Read More: The Inflation Problem