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The FedFinancial MarketsMonetary PolicyMoney Supply
During January 2020, year-over-year (YOY) growth in the money supply was at 6.32 percent. That's up from December's rate of 5.53 percent, and up from January 2019's rate of 3.38 percent.
History of the Austrian School of EconomicsPhilosophy and Methodology
Economics today poses as a predictive discipline which fails to correctly predict anything; a prescriptive discipline which prescribes the wrong policies; and an empirical discipline which collects data but misses the point.
Bureaucracy and RegulationFree Markets
In spite of all kinds of restrictions and red tape, consumer demand for firearms remains high, and the industry has found a way to meet that demand—through "80 percent lower receivers."
Taxes and Spending
If the government were a sitcom family, they would be called the Spendthrifts, and no one would dream of trusting them with credit.
Monetary TheoryMoney and BankingValue and Exchange
Contrary to the popular way of thinking, setting in motion a consumption unbacked by production through monetary pumping will only stifle economic growth.
During November 2019, year-over-year growth in the money supply was at 6.22 percent. That's up from October's rate of 4.93 percent, and from November 2018's rate of 3.07 percent.
Booms and BustsMoney and BanksBusiness Cycles
Even if the central bank policymakers could implement policies without error, Milton Friedman’s and Robert Lucas’s monetary schemes could not secure stable economic growth.
Medicare and Medicaid ended up destroying the finest healthcare system in history, and the healthcare crisis has become a permanent part of American life.