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During October 2020, year-over-year (YOY) growth in the money supply was at 37.08 percent. That's down slightly from September's rate of 37.54 percent, and up from October 2019's rate of 4.8 percent.
It's not a coincidence that the wealth of the top 1 percent began to really take off when the US ended the last remnants of the gold standard in 1973.
Bureaucracy and RegulationFree MarketsPrice Controls
India's parliament has recently passed new reforms to its long-standing interventionist regime which limits farmers' ability to buy and sell goods. These reforms are badly needed.
An individual’s demand is constrained by his production of goods. The more goods an individual produces, the more of other goods he can secure for himself.
Labor and WagesTaxes and Spending
The best social policy is one that supports job creation and rising wages. Entitlements do not make a society more prosperous, and ultimately drive it to stagnation.
During August 2020, year-over-year (YOY) growth in the money supply was at 37.56 percent. That's up from July's rate of 36.92 percent, and up from August 2019's rate of 1.86 percent.
Inflation, the issue of additional paper money, and credit expansion are always intentional; they are never acts of God which strike people, like an earthquake.
The disputed election of 1876 could have led to another civil war. Fortunately, civilian institutions intervened to create a compromise, and the military was kept out of it.