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.
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.
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.
