Mises Daily
Author:
Douglas French
Online Publish Date:
It was reported last week that the M3 money supply has increased at a breathtaking 20% annual rate in the last 4 weeks, going up $155 billion. Coincidently (or not), the Bureau of Land Management (BLM) held another of its semi-annual land auctions in Las Vegas. With Alan Greenspan providing the juice and animal spirits aplenty in attendance, the