Waltzing (With the Devil) on Wall Street
Unchecked government spending and reduced production caused by the lockdowns will give rise to inflation. Until inflation picks up tempo, however, a litany of our recent guests have recommended “dancing to the devil’s tune”… at least until a mosh pit breaks out and your champagne glass ends in shards on the floor. Our friend Dr. Mark Skousen doesn’t think the orchestra of policy wonks are malicious; they’re just playing the tune they learned in school. Looking at the sheet music, they believe they’re playing the right tune, on cue…