Russia’s war in Ukraine: Herland Report

Russia’s war in Ukraine: The End of an Economic Illusion

 

Herland Report: Coming after a year of high inflation, Russia’s war in Ukraine is forcing a reckoning for policymakers and commentators everywhere.

New macroeconomic realities show that the days of mindless demand stimulus, guaranteed bailouts, and activist climate policies must now be put behind us.

Inflation’s return marks a tipping point. Demand has hit the brick wall of supply.

Our economies are now producing all that they can. Moreover, this inflation is clearly rooted in excessively expansive fiscal policies.

While supply shocks can raise the price of one thing relative to others, they do not raise all prices and wages together, writes John H. Cochrane, a senior fellow at the Hoover Institution.

 

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Russia’s war in Ukraine: The level of censorship in social media and search engines is all-time high. Do like thousands of others, subscribe to The Herland Report newsletter here! Thanks so much for reading and supporting our investigative work. Follow the new trends and subscribe to The Herland Report news site. It is a great place to watch interviews/read articles from leading intellectuals, thought leaders from across the political spectrum.

 

Russia’s war in Ukraine: A lot of wishful thinking will have to be abandoned, starting with the idea that governments can borrow or print as much money as they need to spray at every problem.

Government spending must now come from current tax revenues or from credible future tax revenues, to support non-inflationary borrowing.

Stimulus spending for its own sake is over. Governments must start spending wisely. Spending to “create jobs” is nonsense when there is a widespread labor shortage.

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Russia’s war in Ukraine:  Unfortunately, many governments are responding to inflation by borrowing or printing even more money to subsidize energy, housing, childcare, and other costs, or to hand out more money to cushion the blow from inflation – for example, by forgiving student loans.

These policies will lead to even more inflation. Read the full article at Project Syndicate.

About the author

The level of censorship in social media and search engines is all-time high. Do like thousands of others, subscribe to The Herland Report newsletter here!

Led by Scandinavian bestselling author, Hanne Nabintu Herland, The Herland Report news and opinion website provides independent analysis from leading Western intellectuals and ground breaking YouTube interviews, cutting through the mainstream media rhetoric. It is a great place to watch interviews and read the articles of leading intellectuals, thought leaders, authors and activists from across the political spectrum. The Herland Report believes in freedom of speech and its editorial policy resides above the traditional Left vs Right paradigm which we believe has lost its relevance and ability to describe the current driving forces in Western politics.

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