Tag Archives: Great Liquidity Crisis

In the years since the Great Financial Accident of 2008 it has become common to talk about something called “the real economy.”  In doing so we unconsciously acknowledge that something has gone terribly wrong with the way our society has developed over the past four decades. Go back to the …

One of the biggest errors made by economists and politicians is the belief that inflation is the same thing as rising prices.  Indeed, most of us have been taught that rising prices are precisely what inflation is.  This, however, is to mistake the symptom for the disease.  Everyone who has …