By: Andrew Moran Federal Reserve Chair Jerome Powell has been on a rampage at the printing press since the United States contracted a severe case of the Coronavirus. Powell and his associates have not been shy about repeatedly rescuing financial markets with ultra-low interest rates, quantitative easing infinity, and even junk debt to shore up the […]
Austrian Economics
Even in the coronaconomy, the bubble economy keeps growing
By: Thorsten Polleit Quite a few people may wonder why the global fiat money system has not yet collapsed. The fiat money system did not crash in the financial and economic crisis of 2008/2009, when a great many people feared the debt pyramid would come crashing down. And it has not gone belly-up in the […]
Cancel the inflation bomb? Deflation in the age of Coronavirus could happen
By: Frank Shostak So far in March, the data indicates that the yearly growth rate of our measure for US money supply (as measured by the AMS metric) stood at 10.5 percent against 6.6 percent in February and 1.7 percent in March last year. Given that the Fed is busy throwing money at the economy as if there were […]
The Great Inflation – How COVID-19 stimulus will trigger a spike in price inflation
By: Andrew Moran The big bazookas have been fired, the printing presses are running overtime, and the addicts on stock exchanges all over the world have received their narcotic injections to stay afloat until their next fix. Global institutions have shown the cards they had meant to play during the next significant financial crisis. They […]
Governments’ COVID-19 pandemic strategy, media coverage is reckless
By: Frank Hollenbeck The current coronavirus strategy of most governments is a recipe for a worldwide economic disaster. In many countries, the strategy of confinement and forcing shops to close is a surefire path to large-scale business failures. The cascade of economic and financial repercussions to come is likely to lead to another Great Depression. […]