By Tho Bishop, includes “… The current pandemic of inflation doesn’t reflect some radical break from mainstream monetary policy, but rather is a direct product of the technocratic status quo. Since 2010, however, the failings of the status quo have required a more advanced lens to appreciation. Corporate consolidation, Cantillon effects, the regressive nature of financialization—all have resulted from the monetary hedonism of the radical nature of post-2008 central banking, but none of these is as apparent as a more expensive Thanksgiving dinner. Or rising gas prices. …”
Read the full article on: Mises Institute