Monetary Policy

As life expectancy has risen, so have runaway costs. Raising the age won't make Social Security just, prudent, or wise. But cutting federal spending is always the right thing to do. 

The only reason central banks buy gold is to protect their balance sheets from their own monetary destruction programs; they have no choice but to do so.

Inflation at an annual rate of 5 percent is not a positive, and it is certainly not falling prices. Inflation is accumulative, and this means we are becoming poorer faster.

The proposed central bank digital currencies are not a new and convenient high-tech form of money. Instead, they are yet another power grab by government authorities, continuing the shameful history of government corruption of money.

Two nations famous for hyperinflation now look to create a common currency. Unless that currency is gold, this is a bad idea.

While President Joe Biden's White House continues to give happy talk about the economy, some major economic storm clouds are brewing. The future does not look good.

It is no secret that freedom, both socially and economically, are disappearing in the USA and Great Britain. The consequences will be most severe if we do not reverse these patterns.

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.

When consumer prices shot up after the massive monetary injections undertaken to counteract the job-killing Covid lockdowns, the political classes called it "price gouging." Indeed, when government inflates, we need all the price gouging we can get.

Government and monetary authorities claim that the worst of the postcovid lockdown disruptions are past and a "return to normal" is just around the corner. It will be a very long corner.