Economics

Economist: America About to Enter Next Stage of Inflation, Which Will Be so Much Worse

An expert economist warned that the United States’ inflation crisis is about to enter a new stage and the economy will become even more precarious. Inflation is already at a 40-year record-high, according to the Department of Labor‘s Consumer Price Index for May. Secretary of the Treasury Janet Yellen is already warning that high inflation is likely to stick with consumers for the...

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Why High Gas Prices Are a Signal of (More) Inflation to Come

Where I grew up in northern Minnesota, it’s easy to see the impact that economic hard times leave on disadvantaged communities. With consumers now experiencing record-high gas prices, it is safe to say that Americans—not just back in my hometown—but across the country, are experiencing undue burden. For many, rising prices bring times of sacrifice. When Americans are pinching pennies,...

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Powell’s “Soft Landing” Is Impossible

Editor's Note: Yes, it's time to buy physical precious metals. After more than a decade of chained stimulus packages and extremely low rates, with trillions of dollars of monetary stimulus fueling elevated asset valuations and incentivizing an enormous leveraged bet on risk, the idea of a controlled explosion or a “soft landing” is impossible. In an interview with...

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When Thoughts Turn to Gold

Architect of a school of economic thought regarded by many as just a notch above quackery, John Maynard Keynes of Britain once called the gold standard a “barbarous relic.” An honest and time-honored medium of exchange such as gold (or paper money redeemable in gold) stood in the way of Keynes’ snooty preference for lots of government spending...

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