Rising inflation. Labor shortages. Supply chain disruptions. Tepid GDP growth. Mounting debt. Can the US economy be saved?
We asked one of the top financial minds in the world in a wide-ranging interview.
That the post-industrial era of fiat currencies is coming to an end is becoming a real possibility. Major economies are now stalling while price inflation is just beginning to take off, following the excessive currency debasement in all major jurisdictions since the Lehman crisis and accelerated even further by covid. The dilemma now faced by central banks is whether to raise interest rates sufficiently to tackle price inflation and lend support to their currencies, or to take one last gamble on yet more stimulus in the hope that recessions can be avoided. Politics and neo-Keynesian economics strongly favour monetary inflation … Continue reading →