The outbreak of COVID-19 came at a particularly vulnerable point in the global business cycle... the risk of outright global recession in the first half of 2020 seems like a distinct possibility...
US home price growth accelerated for the 5th straight month in December (the latest Case-Shiller data), rising at 2.85% YoY - the fastest pace in almost a year...
...a wealth of infographics highlighting the various ways the European Union is declining: the rise China, the rise of euroskeptic populism, weak militaries, poor quality migrants, and weakness on R&D and tech.
...what the Modern Monetary Theory (MMT) folks want to do is exactly what was done in about 60 cases of hyperinflation, including Germany after WW1, China in the 1930s and 1940s and in the great Yugoslavian and Bolivian inflations...
"...well, you know, you get a cold and you maybe drink more orange juice than you would otherwise... does that cure the cold? Probably not...but it treats some of the symptoms... so I think it might help a little bit."
