During February 2022, year-over-year (YOY) growth in the money supply was at 7.1 percent. That's up from January's rate of 6.8 percent, and down from the February 2021 rate of 39.1 percent. Growth peaked in February 2021.
There are only two ways human cooperation occurs: through voluntary means or through coercion. The free market stands for voluntary cooperation; coercion and violence are the means of the state.
Standard beliefs say that government protects our natural environment while the market system destroys it. Economic analysis gives a much different perspective.
The likely election of Ferdinand Marcos Jr. as the next president of the Philippines might create nostalgia for the martial law his father declared as president. Martial law, however, holds no promise for a thriving economy.
Saving is not about never consuming things. Rather, saving enables us to devote more resources to growing wealth now for the purpose of consuming more in the future.
In the cold light of economic reasoning, we can see that the Marshall Plan was in essence a scheme for postponing the bankruptcy of socialism and the welfare state.
