How destructive is hyperinflation? To quote economist Thomas Sowell, “Hyperinflation can take virtually your entire life’s savings, without the government having to bother raising the
Many foreign countries have decreased their demand for US government debt. Even China, which holds more US debt than any other country, has lowered its
Has coffee become an unattainable luxury? It is if you live in Venezuela’s capital of Caracas. In July, the price of a cup of coffee
While everyone is debating the effects of possible trade sanctions on the global economy, few are paying attention to a far more serious issue. Enormous
Until the early twentieth century, the purpose of central banks was to stabilize and control the value of the currency. When currency was backed by
Shop till you drop is not just a silly phrase. For the majority of Americans, it has become an uneasy reality. Consumer debt is at
