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November 30, 2023
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** By Jonathan Newman
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** As the US Treasury Runs Out of Creditors, Its Options Dwindle ([link removed])
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With US government debt skyrocketing past $33 trillion and possible recession looming, the Treasury faces the prospect of running out of suckers. Finding buyers for US debt will become much more difficult.
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** By Frank Shostak
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** Inflationary Expectations Do Not Cause Inflation ([link removed])
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According to mainstream economists, the expectation of inflation leads to higher prices. That is impossible, however, because actual inflation involves real increases in the money supply.
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** By David Gordon
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** The Power of Austrian Causal-Realist Analysis ([link removed])
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The Economics of Prosperity marvelously shows how the main concepts of Austrian economics are connected, and readers of the book will get a good sense of the power of Austrian causal-realist analysis.
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