Inflation

Modern Monetary Theory: An Age-Old Fraud

Featured image If you haven’t heard about “Modern Monetary Theory,” you will. Simply put, it holds that governments don’t need to worry about budget deficits. On the contrary, they can finance anything they want to do, simply by printing money. If you think that sounds stupid, you are right. Yet the theory is becoming popular on the American left. It has been espoused by, among others, Alexandria Ocasio-Cortez, who explains that we »

A Simple Solution, Favored the World Over

Featured image The big news in the upcoming Italian election is the rise of former comedian Beppe Grillo, whose party may finish as high as second in the voting. There is a lot about Grillo at The Corner. He sounds like a pretty typical bad-government populist; normally you would think it would be a disaster if he took power, but this is Italy, so things may or may not get worse. What »

Argentina: A Glimpse Into Our Future?

Featured image Scott noted earlier today that the currency war is underway, with countries around the world debasing their money to disguise the fact that they can’t control their spending. While the phenomenon is becoming worldwide, some countries are ahead of others. Like Argentina. ZeroHedge comments on Argentina’s utterly pathetic decision to freeze supermarket prices: Up until now, Argentina’s descent into a hyperinflationary basket case, with a crashing currency and loss of »