There are ominous signs on the horizon that governments want to move toward mandating "socially responsible investing" for pensions and fund managers. This is a terrible idea, to say the least.
The Boston Tea Party was an opening act in what came to be a violent culture war and war of national liberation. And it helps us understand how America in 2020 could become as bitterly divided as America during the revolution.
During November 2020, year-over-year (YOY) growth in the money supply was at 37.08 percent. That's unchanged from October's rate, and up considerably from November 2019's rate of 5.9 percent.
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.
