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December 31, 2021
The Fundamentals Point to Inflation That's Much More than "Transitory"
By Ali Mecklai
The Fed may slow or eliminate new bond purchases but is not planning to sell. Meanwhile, producer prices have skyrocketed and Americans are consuming more but producing less. Get ready for entrenched price inflation.

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Price Deflation and the Horrors of Falling TV Prices
By Kyle Ward
Deflation empowers the citizen by allowing her modest savings to purchase more goods over time. Inflation empowers the state by reducing the size of its enormous debts in real terms—and through the inflation tax.

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