Ivan Tcholakov
@IvanTcholakov
Taxation is robbery, inflation is theft, damn it!
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Here is my theory. You've got a big beautiful country with big beautiful public and private debts. Debts rise and rise. At some point debtors and their creditors come to power screaming "Somebody (the Fed) has to be accountable!" The moral of the story: You all deserve 6%.😀
If you can place this photograph, you’re my kind of people 😎
Karl Brunner Distinguished Lecture 2025 by John H. Cochrane (Hoover Institution) snb.ch/en/services-ev…
snb.ch
Research TV
Research TV
Transformer.
"State reliance on transfer payments from the federal government dramatically increased beginning in the 1960s. By the mid-1990s, federal expenditures were the second-largest input to state budgets." Say no more. aier.org/article/enabli…
Inflation surged over the period 2021 to 2023 from a classic fiscal shock. Higher interest rates cannot lower a future inflation without coordinated fiscal policy, from @JohnHCochrane nber.org/papers/w34257
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