The Great Crash of 2022

Source: Ludwig von Mises Institute
by Kristoffer Mousten Hansen

“We are now well past the corona crisis of 2020, and most of the restrictions around the world have been repealed or loosened. However, the long-term consequences of arbitrary and destructive corona policies are still with us — in fact, we are now in the middle of the inevitable economic crisis. Proclaiming the great crash and economic crisis of 2022 is at this point not especially prescient or insightful, as commentators have been predicting it for months. The cause is still somewhat obscure, as financial and economic journalism still focuses on whatever the Federal Reserve announces. But the importance of the Fed’s moves is greatly exaggerated.” (06/18/22)