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Is the Great Post-Pandemic Boom a Great Big Dud?

Prices, remember, are information. And when that information is falsified by an abundance of fake money, businesses and individuals are compelled to do things that would otherwise be nonsensical. Of course, the market with the most falsified prices – the credit market – is also the most prone to compelling destructive behavior. Continue reading

Posted in Economy, MN Gordon | Tagged , , , , | 24 Comments