When Totalitarianism Comes, Bitcoin is the CountermoveIn finance, the Minsky Moment describes the instant a market collapses from reckless speculation. This week we’ve seen the Trudeau Moment, when liberal consensus collapses from a reckless politician. In both, a years-long or decades-long process suddenly takes a lurch.
Will Inflation Turn into Stagflation?Will inflation turn into stagflation? With inflation hitting 40-year highs, it’s the question of the hour. Currently, Wall Street and the Fed are saying no, forecasting a respectable 3.7% real for 2022, 2.7% for 2023, and 2.3% for 2024. These aren’t epic prints, but they’re also…
Will Ukraine Send Inflation Soaring?Will Putin’s invasion of Ukraine send inflation soaring past 10%? Before Ukraine, US inflation had already been soaring for a full year, indeed since Joe Biden took office. It was driven by excess spending, money printing, supply chains, paying people not to work, and regulations…
