Economy

It's funny to see smart people say incredible stupid things in an incredibly funny fashion.

"...the greatest of all modern, libertarian thinkers, Ludwig von Mises, has won. The reputation of sycophantic socialist John Maynard Keynes lies in ruins (among those who understand, anyway) and the long debate that began back in the 1930s is likely settled, at least from a historical standpoint."

That starts out well, but there's no way Keynesianism is dead. It will never be dead. Predatory people want to steal the wealth of others, and they will point to Keynes as their academic champion until another shiny, new champion comes along much like they pointed to Marx before Keynes.

John Williams predicts a dollar sell-off in May. A dollar sell-off means people will buy stuff with dollars. That means prices will rise. Compare this to David Stockman's concern that everything will fall in price because people will suddenly value cash more than anything else. We have two powerful influences working against each other. I have no idea which way it will go, and, apparently, neither does anybody else.