Inflation

While Fed policies openly try to make prices "stable," the central bank actually is creating economic instability and an impoverished economy.

Money velocity's role in forcing up prices is misunderstood because today's monetary "authorities" fail to consider how new money is injected into the economy.

Popular economic wisdom says central banks can counter harmful effects of inflation by raising interest rates. Unfortunately, such moves carry their own forms of misallocation of resources and capital.

Ryan McMaken and Tho Bishop discuss recent inflation news, broader chaos in financial markets, and another round of funding for Ukraine.

Since the early 1960s, African nations have gained political independence from colonial powers, but the monetary colonialism of fiat money continues.

Last year, Joe Biden and his administration claimed that inflation was "transitory." This year, Vladimir Putin gets the blame. Next year, Biden will blame American businesses. And the beat goes on.

The Keynesian "stimulus" policies were suppose to reinvigorate the economy. Instead, they have brought stagflation.

It is interesting that the founder and leader of the market monetarists declared in January 2020 that the world was about to enter a "golden age" of low inflation for the Federal Reserve.

In a recent speech, President Joe Biden blamed inflation on businesses raising prices and told them that they needed to lower their business costs -- but boost wages. You do the math.

Most people—and especially most economists—not only are ignorant of what money actually is, but how and why it became part of our economy in the first place.