Now would be a great time to stop pretending that the financial sector is "free market" or that price inflation and cost-of-living surges are somehow all the fault of "capitalism."
The fiat monetary system is slowly breaking down, taking the economy with it.
The Federal Reserve is no more "private" than the Environmental Protection Agency, and through its special government status, the Fed inflicts many economic crimes on regular people.
The Federal Reserve has yet to get price increases anywhere near its own arbitrary 2 percent goal, but a mild slowing in growth rates has Biden claiming that price inflation is "falling."
Sen. Elizabeth Warren wants to subject cryptocurrency to federal money-laundering laws and other regulations. She fails to understand how that system works.
The fiat monetary system is slowly breaking down, taking the economy with it.
In a market economy, gold is sound money. There is no need for monetary authorities when gold rules.
Only Father Time helps us cut through the policy nonsense and understand interest rates conceptually.
While monetary authorities and progressives would like to have a digital currency implemented, it is a backward step for monetary freedom.
Twenty-six years ago, the debate was over whether or not the target inflation rate should be raised from zero to 2 percent. Now we're being told it should be 4 or 6 percent.
