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…
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.
