Month: May 2023

Crunchety Crunch – Deflation.com

The credit crunch continues. The European Central Bank published its Euro Area Bank Lending Survey (BLS) for the first quarter this week and it provides...

Why US inflation will defy gravity this time

Gravity works to restrain inflation if central banks don’t accommodate it with expanding money (with currency collapses and hyperinflations, as in post-WWI Germany and Austria)....