Inflation

A generation ago, the Berlin Wall fell and the USSR collapsed. Today, US monetary authorities are bringing down our own country.

While Elizabeth Warren and others are waving the bloody shirt for more bank regulation, the problem is that bank regulations themselves are creating financial instability.

While progressives are claiming the collapse of Silicon Valley Bank was due to poor regulation, the real problem is the easy money policy of the Fed.

Mark is not fooling around today. He looks at gold and its price as indicators of what governments are really up to.

Political money is unsound money, and while civilization cannot exist without sound money, it can do without predatory government.

Robert Mugabe, once president for life of Zimbabwe, became infamous for hyperinflation and political repression. Today, he is becoming the patron saint of central banking.

Central banks usually don't admit their guilt in the destruction of money, but the Bank of England unwittingly comes clean.

Mark looks at the impact of hyperinflation in Zimbabwe, where the government's monetary policy is manifesting itself in some interesting ways.

Keynesians and fellow travelers hold the Phillips curve to be sacrosanct. But because the Phillips curve cannot establish causality, it is useless as economic theory.

The current job market strength partly reflects the ongoing monetary overhang from years of breakneck growth in money-supply inflation. The $6 trillion in money that was newly created since 2020 is still very much a factor.