Fed, Banking Regulations, Capital Flow, Crisis, Part 6
This article analyzes the relationship between inflation and recession in the light of 1923 recession. Highlights the fact that inflation caused by fiat money is always a precursor for recessions. The reason why current recovery is painfully prolonged is because high volumes of printed money are keeping prices raised and causing inflation, maintaining high cost of living and doing business. This is an enormous distortion in market adjustments.