Entries by Brendan Brown

Even When There Is Inflation, the Fed STILL Fights Falling Prices

Estimated Reading Time: 5 minutes

Under any remotely sound money regime, the aftermath of war and/or pandemic is highly likely to feature a sharp decline in the prices of goods and services on average. Even under unsound money regimes, there are powerful forces operating towards lower prices once the war/pandemic recedes. Strong injections of monetary inflation, however, can overpower them. […]

Monetary Policy in America Is a Mess. Things Are Even Worse in Europe.

Estimated Reading Time: 4 minutes

High inflation takes off where political forces are too strong to permit the implementation of harsh remedial measures with respect to taxation and monetary policy such as to prevent an implosion of the national currency. In the contemporary global financial marketplace, there has been fluctuating concern about the US heading toward this point, albeit at a […]

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