Determining the supply of money, like all other goods, is best left to the free market. Aside from the general moral and economic advantages of freedom over coercion, no dictated quantity of money will do the work better.
A dirty secret of congressional military spending is that when the government allocates billions in spending, unnecessary, wasteful, and parochial interests quickly find their way into the legislation.
"The race to zero [carbon emissions] would have to be coordinated through control measures—rationing, reallocating, requisitioning, sanctioning, ordering" and much more.
The Fed is not allowing the economy to heal, but instead induces more distortions and weirdness. The explosion in orders for new trucks is perhaps just the latest example.
Although some conservatives may insist that the classical liberals are necessarily opposed to a "God-centered" social order, the historical facts suggest otherwise.
Emerging market debt-to-GDP hit nearly 250 percent in the third quarter, with China reaching 335 percent, and for the year the ratio is expected to reach about 365 percent of global GDP.
