Kenneth Gerbino discusses the money supply, and calls Mises’ Theory of Money and Credit “one of the most insightful economic books ever written”.
Russ Winter notes that, while the Fed has recently talked tough about “fighting inflation”, they have stepped up purchases of treasuries (with brand-new fiat dollars). Prior to May 7, the 52-week average was $577 million per week. Since then, it has more than doubled to $1.4 billion per week.
On The Inflation Front
