Money and BanksMoney and Banking
It is not possible to generate something out of nothing as suggested by Keynes and his many followers.
It's true that the Fed doesn't directly set a target for money creation. But by setting interest-rate targets, the Fed adopts a de facto policy of money creation.
To keep market share, business owners must respond to increases in consumer demands — even if owners suspect demand is being goosed by money printing.
Money and BanksMoney and BankingMoney Supply
In this interview, Joseph Salerno discusses how he and Murray Rothbard developed a better measure of the money supply.
Taxes and SpendingCalculation and Knowledge