“What could go wrong?” – The Lonely Realist America’s economy is flying…, or is it? America’s stock markets are uncertain. China’s economic juggernaut is dominating global markets…, or is it instead strangling China’s domestic economy? China’s stock markets are decidedly negative. TLR discussed America’s “Affordability Crisis” in...
“Can MMT continue to work indefinitely?” – The Lonely Realist The naysayers who have derided Modern Monetary Theory as a fringe political ideology lacking in economic substance should acknowledge that MMT has been working quite well. The U.S. has been printing virtually limitless Dollars and successfully...
“What does ‘the death-of-deflation’ mean for America?” – The Lonely Realist TLR yesterday received the following letter from Cassandra, the mythical Trojan princess gifted by the Greek God Apollo with the ability to prophesize and burdened with the curse that her prophesies would not be believed....
“Modern economies have a love affair with inflation.” – The Lonely Realist For some, inflation is a bad thing. For others, it’s a good thing. Whatever its impact, inflation is a modern fact of life and its future today seems … bright. Inflation generally is viewed as...
“The only difference between death and taxes is that death doesn’t get worse every time Congress meets.” – Will Rogers The American government is running a $2 trillion annual deficit. Perfunctory efforts at budget cutting, whether by DOGE or the President or Congress or through Federal...
