The “true money supply” measure is a measure of the money supply pioneered by Murray Rothbard and Joseph Salerno and is designed to provide a better measure than M2. The Mises Institute now offers monthly updates on the TMS metric and its growth. See here for August’s update. (I somehow missed September’s update.)

This talk was delivered at the Mises Circle in Phoenix, AZ, on November 7, 2015.

Whether we’re talking about illegal immigration from Mexico and Central America, or birthright citizenship, or the migrants coming from the Middle East and Africa, the subject of immigration has been in the news and widely discussed for months now. It is an issue fraught with potentially perilous consequences, so it is especially important for libertarians to understand it correctly.

At our Dallas-Ft. Worth Mises Circle, we discussed the dangers of authoritarian PC culture and the infantilization of American universities. This past week, this issue was driven to the forefront of national conversation.

Republican Congressional leaders and President Obama recently agreed on a two-year budget deal. And in case you were worried, rest assured there were not any significant cuts to any government program.

A strategist from Societe Generale, Albert Edwards, admits he likes to pick on central banks. And he has good reasons. In a recent note to his clients, published on Business Insider, he explains why the Fed’s interest rate policy has led to a bubble in corporate debt since the global financial crisis in 2008:

This week a number of wire services picked up a story in which states are ranked according to which states are the “most expensive states to raise a family.” The list, which was created by a private company to drive web traffic to its site, attempts to quantify the cost of raising a family by factoring in government mandated family leave, the cost of child care, and other factors.

It is common to see articles and columns in the Conservative media claiming that President Obama is engaging in “historic defense cuts.” There are claims that not in decades has the military ever endured such budget slashing. “Romney blasts Obama over military cutbacks” one headline blares.

A bill unanimously recommended for passage by the Wisconsin Assembly Committee and now being considered by the Wisconsin Assembly bans payment in cash for all treatments at “pain clinics.”   Bill 366 is ostensibly aimed at so-called “pill mills,” which dispense prescription painkillers for recreational use.

While visiting the White House on his first day in the United States this year, Pope Francis made a strong plea on behalf of religious liberty, which he pointedly directed at President Obama. This came shortly before he made an unscheduled visit with the Little Sisters of the Poor, who are suing the Obama administration over their own right not to include artificial contraception as part of their health insurance plan, which is mandated by Obamacare regulations.