Monetary Policy

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.

While the Biden White House claims we are on a steady course of prosperity, the more realistic future is that of a global recession.

As the Biden administration continues to inflate the dollar, other nations are questioning the existence of the petrodollar.

As the Fed "fights inflation" by increasing interest rates, its actions will not produce the hoped-for "soft landing," but rather the hard bust.

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.

While the Biden White House claims we are on a steady course of prosperity, the more realistic future is that of a global recession.

As the Biden administration continues to inflate the dollar, other nations are questioning the existence of the petrodollar.

At the heart of Keynesian business cycle theory is the so-called liquidity trap. Contra Keynes, however, economies don't falter because a sudden increase in the demand for money.

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.

The US government's push for digital money does not aim to make transactions easier. Rather, it seeks the power to control money and the people that use it.