Ouch. A new CBS News-YouGov poll found that most Americans support the government setting price controls to control inflation. Here is a breakdown of the parties: Democrats: 80 percent Independents: 62 percent Republicans: 56 percent While this is not surprising among Democrats, you would think that Republicans should know better since it is supposed to be […]
Austrian Economics
U.S. money supply contracts for fifth straight month, still 33% higher than before pandemic
The printing press is grinding to a halt. According to fresh data from the Federal Reserve, the nation’s money supply continues to contract. In April, the M2 money stock print tumbled nearly five percent, representing the fifth consecutive contraction, which is the first time since the Fed launched the series. Despite the substantial decline, the […]
The return of Mugabenomics?
By: Daniel Moule Because his actions were so outrageous, perhaps it is impossible to satirize the former president of Zimbabwe, Robert Mugabe, but perhaps I can describe him. As a shout-out to all my neighbors in the Asia Pacific, let us not forget the Sun Tzu tradition to “know the enemy.” For an analysis of the Zimbabwe hyperinflation, […]
It’s a Wonderful Life: The deception of the banking system
By: Connor O’Keefe There’s nothing like a bank failure to get people thinking about the banking system. And though it appears the Fed has bought the nation’s banks some time, the pair of bank runs on Friday and Sunday again exposed the fragility of the nation’s banks. But fragility isn’t the only problem. As Rothbard hammered home decades ago, […]
Collapse in money-supply growth supports U.S. recession case
By: Ryan McMaken Money supply growth fell again in December, falling even further into negative territory after turning negative in November for the first time in twenty-eight years. December’s drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years. During the thirteen months between April 2020 and April […]