May 27, 2022
Massive State Economic Intervention Has Led to This Point
By Paul Tolmachev
Everything from huge Keynesian "stimulus" policies to the war in Ukraine is dovetailing in a bout of stagflation: the simultaneous growth of inflation and unemployment.

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Inflation, War, and Oil: How Today's Crises Are Rehashing the 1970s
By Gunther Schnabl
Persistently loose monetary policies always have negative growth and distributional effects that impair political stability. In extreme cases, there are civil wars and armed conflicts between countries.

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