What’s More “Wicked” than the Crime of ‘73?
Bob explains that the beloved Wizard of Oz movie involved an allegory of the bimetallism debates of the late 1800s.
Bob explains that the beloved Wizard of Oz movie involved an allegory of the bimetallism debates of the late 1800s.
The state and its friends reject the scarcity principle and uphold its polar opposite, the Santa Claus principle.
Murphy lays out the various camps in the debate over fractional reserve banking.
The current trend in money-supply growth is a big turnaround from the many months of depression-level contractions we saw in 2022 and 2023.
Bob critiques MMT godfather Warren Mosler's recent interview where he argued that the Fed rate hikes have been fueling the strong economy.
Month-to-month money-supply growth turned positive in March, and money growth hit a two-year high. The Fed clearly has no appetite for more monetary "tightening."
The Friedrich A. Hayek Memorial Lecture. Sponsored by Donald and Judy Rembert.
Year over year, the drop in money supply remains at Great Depression levels. Over the past six months, though, the total money supply has flattened, suggesting the liquidity is far more plentiful than the inflation doves would have us believe.
The money supply in October fell for the twelfth month in a row, and with the money supply now falling near or below negative 10 percent for the eighth month in a row. But the money supply is still up 32 percent since 2020.