“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
Germany’s government is pushing a new plan for massive spending on a “Climate Fund.” This is justified with the usual Keynesian myths about the benefits of government spending.
Original Article: “Germany’s New Green Stimulus Plan Won’t Save Their Econo…
Understanding Money Mechanicsby Robert P. MurphyMises Institute, 2021, 210 pp.
Robert Murphy aims to provide the “intelligent layperson a concise yet comprehensive overview of the theory, history, and practice of money and banking, with a focus on the …
