Money and Banks

The Nigerian central bank uses all the same tools as other central banks. And it uses them a lot.

Tho and Jonathan discuss the supposedly transitory aspect of inflation, the overshadowing of economics by central planning, Keynesian economics, and more.

Contrary to popular thinking, there is no such thing as a price level that should be stabilized by the central bank in order to promote economic prosperity.

After thirteen years with on average negative real returns to conservative savings, it is time to require the Federal Reserve to address its impact on savers.

In an age of growing productivity and technological advancement, goods would be getting cheaper every year. This is a reason why price inflation rises more slowly than money supply inflation.

The Nigerian central bank uses all the same tools as other central banks. And it uses them a lot.

Any economist should have been able to see that having the monetary spigot on full blast to “stimulate” would raise prices down the road.  We are now down that road.

Asset price inflation is the process by which "irrational" speculation in asset markets is spurred by monetary inflation. This can occur even without any accompanying goods price inflation.

The idea that supply chain problems are “driving inflation” gets the causation backward. It’s money supply inflation that’s causing the supply chain problems, not the other way around.

In an age of growing productivity and technological advancement, goods would be getting cheaper every year. This is a reason why price inflation rises more slowly than money supply inflation.