Tag: inflation

Fiscal Forecast Europe: ECB Will Soon Return to Money Printing

With a welfare state that dominates their budgets, European governments are exceedingly vulnerable to a recession. When tax revenue declines and entitlements force governments to spend more, the inevitable result is larger budget deficits. What will the ECB do in response to that?

Fiscal Forecast America: Update on Recession and Debt Crisis

If government size and employment rate had been the same in 2022 as they were in 2000, the cost of today’s government would have been $47,000 per employed person. That is a lot of money—until we do the same arithmetic with today’s government size and employment rate. Then the cost comes out to $59,700.

Banking Crisis: Déjà-Vu All Over Again?

Several news sources have raised the volume about a possible systemwide banking crisis. I am not going to contribute to that. In fact, we should all be careful about determining whether or not such a crisis is at hand.

How Egoism Causes More Inflation

A sensational statement by the Federal Reserve reveals how we are setting ourselves up for another destructive inflation episode.