Money and Banks

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.

By itself, the end of the petrodollar won't destroy the dollar. But it will continue a trend that weakens both the dollar and the US regime's power. 

Money is simple. The political program of monetary "policy" is not.

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.

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.

For nearly three decades, the Japanese economy has slowly imploded under low interest rates and heavy government debt. It may soon be time to pay the piper.

The fact the money supply is actually shrinking serves as just one more indicator that the so-called soft landing promised by the Federal Reserve is unlikely to be a reality. 

Monetary authorities have come up with numerous clever ways of measuring money. However, they are unable even to define money, much less measure it.

A shift from full-time-driven employment to part-time-driven employment is usually an indicator of a coming recession. That shift happened in January's jobs numbers. 

Measures of the U.S. money stock in current use are flawed precisely because they are not based on an explicit and coherent theoretical conception of the essential nature of money.