The temptation among mainstream commentators will be that the impending recession requires reduced government spending. This is because unlike a typical recession, this one has been caused by monetary policy to alleviate inflationary pressures. And while this is has mathematical elegance, it is probably wrong. Why? Because it is pretty evident that most of the…

I’ll try to keep this brief, as it’s only a partial thought. But I have found it profoundly frustrating to follow the discourse in recent weeks/months on inflation with hardly a mention of price controls! I completely appreciate that such an approach is political naive in the current environment. But then again, so was open…