Inflation

Get beyond the PhDs running the Federal Reserve or the way people treat the Fed with deference. In the end, it is nothing but a legal counterfeiting ring.

Recorded in Tampa, Florida on February 25, 2023.

At least some Chicago school economists are indeed open to a genuine free market in money, says Karl-Friedrich Israel in his reply to Salin. But Chicago's instrumentalism presents a problem.

Pascal Salin thinks of the monetary economics of the Austrian and Chicago schools as modern versions of the classical price specie flow theory, and suggests reconciliations between the two.

Carmen Dorobăț comments on Pascal Salin's efforts to reconcile the Chicago School and the Austrian School, and suggests that such a reconciliation between the two traditions is impossible.

We're still living with the consequences of the massive monetary inflation by Trump and Biden. Prices are stubbornly high, and falling real wages are driving Americans to say things are getting worse.

Politicians and the media are blaming businesses for inflation when, in fact, the skyrocketing prices of nearly everything have a government stamp on them.

As Mark explains, the target is another smokescreen.

As Murray Rothbard wrote, inflation is not an increase in prices. It is, instead, an increase in the supply of money in circulation. The distinction is important.

These days, the Fed and Chairman Jerome Powell are claiming the title of "inflation fighters." The more appropriate moniker should be "inflationists."