JOIN OR RENEW TODAY
The adoption of gold as the preferred commodity money was never inevitable or based on some sort of natural law of money. Many coincidences and political schemes were key factors.
This is freedom: "That he is independent of the arbitrary power of his fellows … [freedom] arose in the process of social development and its final completion is the work of mature Capitalism.”
Money and BanksTaxes and Spending
From its inception, the Fed's job has been to pay off the debt and cover excess expenditures with newly printed paper money.
In order to demand goods and services individuals must produce something useful first. Hence, supply drives demand and not the other way around.
Money and Banks
Thanks to covid shutdowns, declining productivity finally brought price inflation to the fore. But the world's governments have learned nothing and cling to the same inflationist policies.
Bureaucracy and Regulation
Mayor Lori Lightfoot chided businesses for not doing enough to protect themselves from theft. But Chicago's government does a lot to prevent private businesses from doing this.
The Fed admits inflation is a problem, so now begins the search to find a fix that doesn't involve a recession or anything else that might allow the economy to heal its malinvestments.
The demand for money is key in exchange rates and a major factor in the exchange rate is the relative change in the growth of respective money supplies.