So long as predictions remain popular, and are so numerous as they are today – and so long as they receive notoriety through repetition in the press and on the radio – contrary opinions will increase in importance as thinking aids. “
March 09, 2023
The last time inflation and interest rates started to rise simultaneously was 58 years ago. Then, as now, it had its genesis from too much government spending. The process was euphemistically called “Guns and Butter.” “Guns” represented the expense of the Vietnam War and “Butter” was the euphemism for the then newly introduced welfare structure...