Pat Buchanan’s take on the current financial crisis. See Day of Reckoning.
Wichita Employment Situation, March 2023Bob WeeksMay 10, 2023For the Wichita metropolitan area in March 2023, the major employment indicators improved from the prior month. (more…)
Economic Indicators in the StatesBob WeeksApril 20, 2023A visualization of coincident economic indicators for the states. (more…)
Wichita Employment Situation, February 2023Bob WeeksApril 6, 2023For the Wichita metropolitan area in February 2023, the major employment indicators changed little from the prior month. (more…)
Kansas GDP, Fourth Quarter of 2022Bob WeeksApril 3, 2023In the fourth quarter of 2022, the Kansas economy grew at the annual rate of 0.7 percent. Gross Domestic Product rose in 46 states, with Kansas ranking forty-first. (more…)
Disposable Personal IncomeBob WeeksMarch 28, 2023The source of the original data is Bureau of Economic Analysis, an agency of the United States Department of Commerce. (more…)
Ludwig von Mises wrote, “there is no way to avoid the collapse of a boom
brought on by credit expansion. The alternative is only whether the crisis
should come sooner as a result of a voluntary abandonment of further credit
expansion, or later as a total catastrophe of the currency involved.”
Seems clear enough to me that the guvmint is opting for “later”. They are trying to kick he problem a little further down the road with this bailout that Pat says “… must be done, and done now”.
The risks in attempting the bailout lie in prolonging the problem as in the Great Depression and in the potential hyperinflation of the currency. I expect Helicopter Ben and Comrade Paulson will attempt to inject multiple trillion dollars of fiat currency over the coming year(s) and that 700B is the tip of the iceberg.