inflation

  Over the past several years, much has been said and written about the state of the financial markets and the ongoing bull run, particularly in United States equities, which seems even more striking when compared to data from the real economy. The decoupling between stock markets and the broader economy, which has been underway […]

  Modern Monetary Theory (MMT) has shifted from academic margins into policy conversations because it presents a straightforward proposition: If a country issues its own currency, it need not fear deficits; the only binding constraint is inflation. For governments facing aging populations while preparing for strategic rearmament, green investment and industrial policy, this message is […]

  Recent developments in politics, economics and social cohesion are troubling for Europe. France is on the brink of bankruptcy, with deficits still around 6 percent of gross domestic product (GDP). Other countries – including Germany – are not much better off when one considers not only the official debt but also implicit debt. Implicit […]

  In early 2025, inflation was about 2.8 percent both in the European Union and in the United States, barely making headlines. Until mid-March, most commentators were predicting that in the following months the figure would drop further to about 2.5 percent. Everything seemed to be under control. Very few noted that the rates were […]

  The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy. Ludwig von Mises  (1881-1973)   Take Away … when prices of goods and services rise monthly by over […]