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Money supply growth slowed even more in October, and is now back to levels we last saw during the repo liquidity crunch of 2019, and in the days right before the 2007–09 recession.
Bureaucracy and RegulationThe Police State
Money laundering is illegal in the USA, but like so many other federal crimes, it is difficult to identify and define. That is the perfect recipe for government abuse of innocent people.
Financial MarketsInflationMedia and Culture
As inflation ravages the economy, easy money is disappearing, with political and legal consequences to follow.
Central BanksInflationMoney and BanksWorld History
Long before there was the infamous German inflation of 1923, the Reichsbank created the scenario of monetary debasement.
Economic PolicyFree MarketsProgressivismTaxes and Spending
Massachusetts voters approved yet another tax hike for high-income residents, while California voters rejected a similar proposition. The current tax fever does not bode well for economic growth.
Cronyism and CorporatismEconomic PolicyEducation
Politicians calling for student loan forgiveness or free college tuition have failed to understand the larger consequences of unlimited student lending. Henry Hazlitt would have understood.
Bureaucracy and RegulationLawThe Police State
Biden wants to roll out yet another "assault" weapons ban. Supporters claim it will reduce crime, but it will do no such thing.
Protectionism and Free TradeStrategyWar and Foreign Policy
Supporters of US microchip policy against China claim the policy is "strategic," but in reality, it is old-fashioned protectionism with all the usual economic damage.