Even with November's small rise, money supply growth is far below the unprecedented highs experienced during the past two years. This points to a weakening economy.
The Federal Reserve now owns $2.6 trillion in mortgages. That means about 24 percent of all outstanding residential mortgages in this whole big country reside in the central bank.
The history of these past two years is that the worst ideas have been adopted by force and anyone questioning those ideas has been suppressed by force.
Suppose some people don't like the services furnished by a "minimal state." Don't these people have the right to establish their own services to compete with the minimal state?
The original "leftists" wanted to abolish government regulation and controls. The rightists were the old control-freak authoritarians. But then the Jacobins hijacked the Left.
