The Austrian Cure for a Broken Economy - SchiffGold.com
The Austrian Cure for a Broken Economy - SchiffGold.com
Source: SchiffGold.com
―
DW NOTE
SchiffGold has been calling for a return to sound money since 2008. Eighteen years later, the 10-year yield is at 5.10%, the deficit hit $1.99 trillion last fiscal year, and the Fed just raised rates to 3.90% while debt service consumes a fifth of tax revenue. At some point "Austrian cure" stops being theory and starts being what happens when the bond market stops pretending compound interest is optional.