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“Shortages” Aren’t Causing Inflation. Money Creation Is

Estimated Reading Time: 5 minutes

For central bankers and mainstream analysts, the recent inflation outburst is only a transitory phenomenon that has nothing or very little to do with the massive monetary and fiscal stimuli unleashed during the pandemic. Although the Fed has recently conceded that price pressures are persisting longer than expected, the surge of inflation is allegedly due to supply bottlenecks caused […]

From Diseases to Recessions, Government Failure Is Endemic

Estimated Reading Time: 4 minutes

Massive government intervention in the aftermath of the global financial crisis has not prevented the Great Recession, but had actually deepened and prolonged it until the covid-19 pandemic and government lockdowns sent the economy into a tailspin in 2020. Larger monetary and fiscal growth stimuli followed, exacerbating previous economic distortions. In the same way that […]