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During September 2022, year-over-year (YOY) growth in the money supply was at 3.92 percent. That's down from August's rate of 4.54 percent, and down from September 2021's rate of 7.02 percent.
Murray Rothbard understood that law can be a moral force only insofar as those living under the law reflect their own moral judgments.
Booms and BustsThe FedInflationBusiness Cycles
Paul Krugman recently argued that the Federal Reserve can engineer a "soft landing" for the economy as it tries to deal with inflation. Such a view ignores economic realities.
The infamous St. Bartholomew's Day Massacre was responsible for the death of thousands, but the horrible aftermath was also the beginning of religious toleration in the West.
Free MarketsSocialismWorld History
Even though liberalization of its infamously bureaucratic economy has achieved strong results, India's leftist activists and politicians are trying to reestablish collectivism.
Bureaucracy and RegulationFree MarketsLabor and Wages
Despite the decree from the federal government that labor is not a "commodity" or an "article of commerce," Leonard Read knew better.
Now that inflation is the highest it has been in four decades, the monetary authorities are trying one trick after another. Only ending artificially low interest rates will help.
Just like the USA, Mexico is being hit with high inflation. This should surprise no one, given the Mexican government's recent economic policies.