Welcome to 2023! I hope you all had a lovely end of the year. Since there are quite a few new readers that have joined the party, I would like to introduce you all to the purpose of these posts. Most importantly, be aware that I will not write about the market moves of the day or anything like that. These posts are an opportunity to take a step back and think about markets and economics in a more fundamental way.
The causes (and cures?) of the various kinds of inflation look like a rich seam for you to exploit this year, featuring the 'Cerro Rico' inflation of the 16C/17C; removal of the Gold Standard; Bretton Woods, Vietnam and the 1970s oil price hike; not forgetting today's Ukraine War and US abuse of Global Reserve status. Look forward to it!
The causes (and cures?) of the various kinds of inflation look like a rich seam for you to exploit this year, featuring the 'Cerro Rico' inflation of the 16C/17C; removal of the Gold Standard; Bretton Woods, Vietnam and the 1970s oil price hike; not forgetting today's Ukraine War and US abuse of Global Reserve status. Look forward to it!
And your synopsis is the reason I read your writings. Thanks.
Your premise of what economics is and does, and how you view it in contrast to real sciences is exactly why I enjoy reading your work!