“While relatively well-functioning governments have managed to find mechanisms that mitigate the problem, it seems unlikely that Argentina and Brazil will be able to prevent a tragedy of the monetary commons given their history of money and fiscal mischief.” ~ Bryan Cutsinger
“An overseas experience affords plenty of ways to put the tools and principles of economics students have been taught to work, perhaps the best way to real mastery of ‘street-corner economics.’” ~ Gary M. Galles
“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