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Are We at the Inception of an Inflationary Depression? It is an acknowledged fact within the circle of Austrian Economists that the Central Banks have to continuously rely on and actively indulge in the propaganda of Voodoo Economics to hide the extreme imbalances that they have created in the world economy. What lies in the decade ahead for much of the Western economies and most parts of the world is a prolonged period of high inflation combined with an economic depression. I should add that if one were to account for inflation correctly, even today, we are probably in stagflation (inflation + recession) already in most parts of the world.  But the sleight of hand of Central Banks in the way they underreport consumer price inflation (CPI) will allow them to hide the reality for a few more months. If we draw a comparison between the stagflationary seventies (1970’s in which gold went from $35 to $850/oz, Oil from $3 to $40/barrel, etc.) and what lies ahead. In that, it’s a giv

United statesMurray rothbardJerome powellAlan greenspanRichard nixonPaul volckerMilton friedmanJohn williamAustrian economistsCentral banksVoodoo economicsGreat depressionInflationary depressionMonetary phenomenonGold windowFed balance sheet