Inflation

Before J. M. Keynes and Stephanie Kelton, there was John Law. The promise of free money never seems to die.

Before J. M. Keynes and Stephanie Kelton, there was John Law. The promise of free money never seems to die.

Are rising oil prices responsible for inflation? While some economists and many in the media make that connection, the reality is much different. Inflation occurs because of expansion of the money supply.

Drawing on Rothbard's writings on money and central banking, Murray Sabrin makes the case that inflation is a hidden tax, the Federal Reserve is neither independent nor beneficial, and that ending central banking is the unfinished business of the American Revolution.

Critics of capitalism claim that free markets funnel wealth unjustly to the top earners. Yet, as we observe the Cantillon Effects, we can see the role of Federal Reserve policies in enriching the few at the expense of the many.

The so-called money multiplier that exists through fractional reserve banking is propped up by central banking and inflation. It is not a good thing for the economy.

Leftists sarcastically asking where the money for this war will come from are right about the GOP’s hypocrisy, but wrong to imply that it actually means there's plenty to spend on all these government programs. We can’t afford any of this.

International aid agencies are providing goats for families in Malawi as a way to fight poverty. Like so many other do-good experiments, this one has numerous unintended consequences.

While elites tell us we need to fear artificial intelligence, they continue to approve of the Federal Reserve’s attempts to expand artificial credit, which is the real threat to our economic well-being.

The yield curve is not easily understood, but it is important in giving us a good look at what is happening in the economy. Not surprisingly, Austrian economists are way ahead of the others in explaining the how and why of the curve.