8 Months of QT Down
They’re still at it! Every month the balance shrinks by many billions of dollars. In conjunction with the support of the mainstream media, the Federal Reserve continues spinning its tale of employment, (price) inflation, and Quantitative Tightening (QT).
The current balance sheet level of $8.4 trillion has not been seen since 2021.
The January Effect
GDP and 3M
The “True” Money Supply: A Measure of the Supply of the Medium of Exchange in the U.S. Economy
The “True” Money Supply (TMS), developed by Professor Murray Rothbard and myself,1 is an admitted imperfect attempt to provide a statistical measure of money that is consistent with the theoretical definition of money as the general medium of exchange in society.
The State Uses Trauma as a Weapon against Innocent People
Wholesale Price Inflation Is Slowing as Economy Worsens
European Shadow Unemployment Is a Real Problem
Yes, the Minimum Wage Harms the Economy
Jerome Powell: Treasury’s Fiscal Agent
After raising rates as expected, Federal Reserve Chair Jerome Powell addressed the nation this week without referencing Ukraine nor the Pandemic as the cause of (price) inflation. Perhaps the start of a new year gave a reason for the change, or maybe he’s looking to start a new narrative soon. It’s difficult to determine as he continued in Fedspeak, avoiding real answers during the Q & A; that is, until he was pressed about the debt ceiling:
