“AIER’s Everyday Price Index rose again in January, driven by increases in the prices for groceries and household utilities. Constraints on production are likely to ease somewhat as new Covid cases decline. However, labor shortages may sustain upward pressure on prices for some time.” ~ Robert Hughes
“If central banks protect the value of the currency, they will create an economic crisis. If they try to avoid the economic crisis, they will destroy the value of the currency and cause a monetary crisis anyway.” ~ Daniel Fernández
“Consumer sentiment weakened again in January as consumers reacted to Covid and high prices. Some easing of supply-chain issues, policy actions by the Fed, and consumer spending decisions will all contribute to the future pace of economic activity and price pressures.” ~ Robert Hughes
In the light of Covid-19 crisis, are these 2 systems relevant? Can any economic approach be in phase with the deep ongoing economic transformation? Review and arguments about capitalist and socialist based economics. History of the 2 main economic systems Applied arguments!
Free webinar from WSJ – Federal programs in the wake of the Covid-19 pandemic
