For the last twenty years, deficit spending for the U.S. government has become natural and as reliable as the sun coming up. But, in the latest debt ceiling debacle, there may be more than political theater at stake. If the U.S. must continue to print money and/or run deficits just to maintain its standard of […]
With Tesla’s market cap clearing $1 trillion and US stocks hitting fresh record highs, I have proof that the majority of the middle and lower class are largely missing out on the current recovery. The answer is in the ever-declining velocity of money. Money Velocity Continues to Crater Despite Fed’s Best Efforts I’ve personally written […]
A story about a chicken McNugget selling for $100,000USD over the weekend got me thinking about inflation, manias, and billionaires. I’ll talk about the ‘magic McNugget’ in a moment, but first, I want people to realize where the exploding money supply is going. Also, how exploding deficits, soaring money supply is leading to the rise […]
The U.S. Dollar remains under pressure amidst many factors, including soaring deficits and an increasing money supply. Epic Economist believes recent data highlights the demand for things people need in the post-Covid world. The change in buying habits is driving inflation in many consumer goods, including the cost of food. According to Trading Economics, “Cost […]
During the early 1920s in Weimar Germany, government-induced hyperinflation (via massive increases in the money supply) caused hunger and deteriorating standards of living. When faced with the choice of economic collapse or printing more money, desperate, insolvent governments like the Weimar Republic have historically chosen the latter. Inflation is an insidious, often invisible tax. And […]