Lectures in Austrian Economics, Volume 1 by Jesús Huerta de Soto. (Palgrave Macmillan 2024)

In a previous article, I made the case that the policy of inflation—both from the Continental Congress and the states—not only led to detrimental consequences, but threatened the cause of independence itself. During the course of researching and writing, I discovered that I was barely scratching the surface of this topic—finding quote after quote, resource after resource.

On Tuesday, the yield on the 10-year Treasury surged nearly 10 basis points in a few hours, rising above 4.49 percent. The rising yield came after the release of new price-inflation data showing that CPI growth had hit a five-month high and remained well above the Federal Reserve’s two-percent target for price inflation. Rising yields often indicate that bond investors believe price inflation will continue to grow, so it was probably no coincidence that bond yields—especially on longer-term bonds—jumped following the report’s release. 

“Emergency Medicaid is often used by immigrants, including those who are lawfully present and those who are not.”

Steve Hanke criticizes Trump and Fed Chairman Powell for their flawed focus on interest rates over money supply, blames the Fed for exacerbating income inequality, and argues that tariffs cause temporary price blips while money supply drives long-term inflation trends.