I’m going to need a shower after this week because I really whored myself out to the financial news media for the book. I continued the media parade on Fox Business yesterday where I talked with David Asman and Liz Claman about some common investment myths. These segments are always so short, but here are… Read More
“Inflation”, said Milton Friedman, “is always and everywhere a monetary phenomenon”. Upon this statement has been built three decades of faith in the omnipotence of central banks. It does not matter what government does: it does not matter what markets do: it does not matter what shocks there are to the economy….