Monetary Policy

Keynesians claim that the source of economic growth is consumer spending. Austrians know that net savings are the key to a growing economy.

The Nigerian government should have seen the economic disaster the eNaira would cause. They didn’t, and chaos and rioting followed.

There are no more rabbits for the Fed monetary magicians to pull out of their hats. In an economy addicted to artificially low interest rates, any more moves by the Fed will trigger an economic downturn.

Decades of low interest rates have ruined saving in the US economy, and banks are going to pay dearly for it.

Autoworkers are angry at their working situation and are striking for higher wages and a shorter work week. Their anger is misdirected.

Autoworkers are angry at their working situation and are striking for higher wages and a shorter work week. Their anger is misdirected.

As the national debt explodes and the federal government ramps up borrowing and spending, borrowing costs increase as well. Ordinary Americans will suffer the effects in due time.

Keynes denounced monetary gold as "a barbarous relic." In the end, it will be that "barbarous relic" that overthrows the regime of paper currency.

Supposedly, the "big news" is the decline of inflation. However, the monetary and political forces driving the latest bout of inflation have not gone away.

Since the end of World War II, the US dollar has been the world's reserve currency. That status may well change because US monetary authorities insist on inflating the dollar into oblivion.