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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Showing posts with label deficit spending. Show all posts
Showing posts with label deficit spending. Show all posts
Sunday, June 14, 2026

Stagflation Part 9: The Good News Mirage — Statistical Stability Amid Structural Fragility

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One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re ...
Sunday, May 17, 2026

Stagflation Part 6: The Banking System Under Siege—Bond Selloffs, Liquidity Illusions, and the Coming Balance Sheet Reckoning

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   Central bankers always try to avoid their last big mistake. So every time there's the threat of a contraction in the economy, they...
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