Money supply growth inched up in May, rising slightly above March's and April's growth levels. But overall growth levels remain quite low compared to growth rates experienced from 2009 to 2016. March's growth rate, for examples, was at a 12-year (145-month) low. In...
Central banks are trapped. "Five years into the negative rate experiment, and a decade on in radical monetary improvisation, the central bankers are looking for a way back to normalcy. Not finding it, they are casting around for new ways to control what they seem...
On FPF #335, I discuss the arrest of Julian Assange. Assange was arrested by the UK after Ecuador's president rescinded his asylum. Assange now faces the potential of being extradited to the US; an indictment against Julian Assange charges him with crimes related to...
The EU as a political construction is in a state of terminal decay. We know this for one reason and one reason alone: its core principle is the state is superior to its people. A system of government can only work over the longer term if it recognises that it is the...
The world has been plagued with periodic bouts of the economic rollercoaster of booms and busts, inflations and recessions, especially during the last one hundred years. The main culprits responsible for these destabilizing and disruptive episodes have been...
Congress has finally taken action to liberalize the nation's financial system. The bill was S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act. It passed both houses with a surprising degree of bipartisan support and was signed by President...
The so-called multiplier arises as a result of the fact that banks are legally permitted to use money that is placed in demand deposits. Banks treat this type of money as if it was loaned to them, thus loaning it out while simultaneously allowing depositors to spend...
Norbert Haering, an economic journalist and author, discusses how India's sudden abolition of large-denominated bills, amounting to 80% of all cash in circulation, has created great hardship in a country where half the population doesn't have a bank account and earns...
Imagine the Catholic Church (or any person or group of people) doing what the government does every day: Everyone who doesn’t give the Catholic Church 25% of his annual income every year will be put in jail. If he resists the Jesuit officer, the officer has the right...
FOREWORD BY JAY BHATTACHARYA, MD, PHD Diary of a Psychosis is different from all other books on Covid: it traces the development of the government response as it happened, bit by bit, and subjects it to relentless scrutiny: did any of it do any good? It thereby...
