35 years ago, I was worried. I was working at a free-market think tank at a university, and I could see that Austrian economics was becoming less and less influential.

Who would speak for untrammeled freedom and capitalism? Sound money and no central banking? Would economics entirely betray its great advocates of liberty from Menger to Mises, in favor of monsters like Keynes and Marx?

Who would teach students the truth, and inspire them never to give up or give in? To dedicate their lives to the ideas that build civilization, and fight the left-wing destructionists?

The supply of US dollars has slowed during early 2017 with February’s year-over-year percentage increase hitting a 17-month low of 7.7 percent. Monthly year-over-year growth rates in the money supply have been falling each month since October. 

Over the past eight months or so, money supply growth rates have become somewhat volatile with the growth rate surging from 6.7 percent in late 2017 up to 11.3 percent by late 2016, and down again to under 8 percent by February of this year. 

Keynesian economics has witnessed a remarkable resurgence since the crisis of 2008. The inability of mainstream economics to predict or explain the crisis led many economists to become skeptical of its core macroeconomic tenets. Several have turned the clock back to the ideas of Keynes to make sense of the housing bubble and the ensuing recession.

In a recent interview on CNBC’s Squawk Box, Neel Kashkari explained his dissenting position on the March rate hike. His position was that there is not yet enough inflation. In fact, he thinks that the Fed’s 2% inflation target shouldn’t be seen as a hard ceiling. He even stated that predictions of coming inflation worries are baseless:

Government’s meddling in the healthcare business has been disastrous from the get-go.

As the immigration debate goes on, many commentators continue to sloppily ignore the difference between the concept of naturalization and the phenomenon of immigration. 

Over the course of approximately six hours, the Left in the United States made a spectacular, 180 degree turn on federalism and states’ rights without even recognizing it. Although this lack of self-awareness shouldn’t be particularly surprising coming from the modern Left, which seems to have missed the irony when it goes about shutting down debates on free speech.

On February 28th, while addressing a joint session of Congress, President Trump quoted Abraham Lincoln and praised his economic philosophy:

The first Republican President, Abraham Lincoln, warned that the “abandonment of the protective policy by the American Government [will] produce want and ruin among our people.”

There is much hand-wringing in the financial media this week after Treasury Secretary (and Lego Batman producer) Steve Mnuchin helped push the G-20 to remove its long standing language to “reject protectionism” from its annual statement.