Inflation

While the American Revolution led to the creation of the United States, it had one sorry legacy: the proliferation of paper money. That scourge still is with us.

Donald Trump may have declared, “I love inflation,” but for regular families, inflation is perhaps their worst enemy.

Because of Keynesian inflationary bias, economists, politicians, and journalists celebrated the huge financial moves that Ben Bernanke made in 2008 and beyond to deal with the financial meltdown and its aftermath. But Bernanke’s moves didn’t help the economy; they made things worse.

Federal Reserve policy has been to expand credit out of nothing without regard for the real damage it does to the economy.

The Federal Reserve’s fixation with “stable prices” has led to an unstable economy for the past century. 

Federal Reserve policy has been to expand credit out of nothing without regard for the real damage it does to the economy.

The Federal Reserve’s fixation with “stable prices” has led to an unstable economy for the past century. 

Despite claims that the Federal Reserve System is a “stabilizing” force in the US economy, the truth is that the Fed is and has been the main engine of inflation for more than a century.

The costs of war are vast and horrific. Most people know this, which raises the question of why the US government seemingly can’t live without it.

Most economists believe that a growing economy needs a growing supply of money. While sounding like a common-sense idea, it turns out to be dreadfully wrong.