The economy has too few workers to do the work that needs to be done to meet routine supply requirements, and the only way to entice workers back under the additional inflation yet to come will be by...
After months of ignoring the steadily growing inflation problem, the Federal Reserve is now using monetary blunt force to try to rein in rising prices.
In essence Summers' study on Gibson's Paradox claims to have found empirical evidence of an inverse relationship between the real price of gold and the real interest rate..
Have markets already lost confidence in the Fed’s ability and willingness to tighten? When loss of confidence becomes obvious money will rush to precious metals.
Since Fed officials have been wrong every step of the way in diagnosing the inflation problem, their attempts to cure it will likely fail as well. They were too late to act.
