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We Have Not Properly Reckoned with the Economic Insanity of 2020mises.org/mises-wire/we-have-not-properly-reckoned-economic-insanity-2020
198 sats \ 1 comment \ @Undisciplined 6h econ
By Connor O’Keeffe
The governmental response to the covid pandemic was to cripple the economy. To compensate for the damage, the Federal Reserve unleashed massive inflation in an attempt to do what the Fed always does in a crisis: bail out the economic actors.
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42 sats \ 0 replies \ @beyond_turbulence 4h
Thanks : #1262801
When the storm hits, the govt reacts to folks that scuttled the economy and everyone aboard the ship will ride it out.
To keep the fleet afloat, a number of private corporation(s) pours wind into the sails—massively inflating an economic balloon with all the hot air imaginable—to rescue the captains (head honchos) and crews (car . airlines . trains), etc! Everyone is already being tossed about by the waves, so this new socialized business model of the current fiat regime manifests a new superabundance because generational wealth and compound interest must continue like Apache Stronghold at Oak Flats.
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