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The Impact Of Higher Inflation On US Asset Class Returns

The Impact Of Higher Inflation On US Asset Class Returns

by Richard M. Salsman Which US asset classes perform best or worst amid periods of high inflation (6% or more)? Answer: commodities perform best, while bills perform worst. It’s commonly recognized that bonds are not a good inflation hedge – and they aren’t – but less recognized is that equities also fail in this regard; […]

The Costly But Deliberate U.S. Labor Shortage

The Costly But Deliberate U.S. Labor Shortage

by Richard M. Salsman For more than a year, due mainly to illiberal policies associated with Covid-phobia and lockdowns, the U.S. has experienced various types and magnitudes of labor shortages. In short, the quantity of labor demanded by would-be employers has exceeded quantities supplied by would-be employees, especially in the service sector. The phenomenon is […]

A Tragic Half Century Without Gold Money

A Tragic Half Century Without Gold Money

In 2012 a poll taken by the University of Chicago’s Booth School of three dozen academic economists from eight prestigious universities revealed that they all despised the gold standard; they rejected it not so much for its track record but as a possible monetary system for current times. Professors from Chicago (8), Stanford (6), Yale (5), […]