Adam Smith’s legendary invisible hand describes how individuals acting in their own self-interest can create unintended benefits for the entire society. Unfortunately, the country now faces the potential for an inflationary hand that can transform self-interested decisions into losses for the entire economy.
April 7, 2022
Inflationary Psychology Has Set In. Dislodging It Won’t Be Easy
[We live in interesting times. Prepare appropriately.—Joe]