Tag Archives: Inflation

Is Inflation “Transitory”? Here’s Your Simple Test

By Charles Hugh Smith Source: Of Two Minds Is inflation “transitory” in your household budget? Really? Where? The Federal Reserve has been bleating that inflation is “transitory”–but what about the real world that we live in, as opposed to the … Continue reading

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Stagflation Subterfuge: The Real Disaster Hidden By The Pandemic

By Brandon Smith Source: Alt-Market.us In recent economic news, headlines are being dominated by concerns over rising bond yields. Increased bond yields are a sign of a possible spike in inflation and, logically, they call for the Federal Reserve to raise … Continue reading

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Inflation Is Stealth Austerity

By Charles Hugh Smith Source: Of Two Minds Rather than decry austerity, which demands an open political discussion of trade-offs, we should decry inflation’s stealthy reduction of purchasing power. Austerity–bad. Inflation–good. Oh wait–they’re the same thing: both are a reduction … Continue reading

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There’s No Going Back, We Can Only Go Forward

By Charles Hugh Smith Source: Of Two Minds What I see is a global collapse of intangible capital that is invisible to most people. It’s only natural that the conventional expectation is a return to the pre-pandemic world is just … Continue reading

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The Unraveling Quickens

By Charles Hugh Smith Source: Of Two Minds Even if we don’t measure the erosion of intangible capital, the social and political consequences of this impoverishment are manifesting in all sorts of ways. The central thesis of my new book … Continue reading

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Why America is the World’s First Poor Rich Country

Or, How American Collapse is Made of a New Kind of Poverty By Umair Haque Source: Eudaimonia Consider the following statistics. The average American can’t scrape together $500 for an emergency. A third of Americans can’t afford food, shelter, and healthcare. … Continue reading

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The Federal Reserve and the Global Fracture

An Interview with Finnish Journalist Antti J. Ronkainen Michael Hudson Source: The Unz Review Antti J. Ronkainen: The Federal Reserve is the most significant central bank in the world. How does it contribute to the domestic policy of the United … Continue reading

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The lottery and social despair in America

By Andre Damon Source: WSWS.org This mania, so generally condemned, has never been properly studied. No one has realized that it is the opium of the poor. Did not the lottery, the mightiest fairy in the world, work up magical … Continue reading

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