money supply

When the Bubble Pops, Will You Be Ready?

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The Government’s COVID-19 response was met with the obvious effects like the lockdowns that decimated the lives of millions to little to no effect on mitigating the spread, mask mandates, or even vaccination mandates. But underlying all of the obvious issues was that of economic destruction being laid down before the American people in the form of the Federal Reserve’s response to the economic collapse caused by lockdowns. The Federal Reserve has laid down a suicide path for the United States’ economy. The money supply is created in part by the private banks making loans and the Federal...

Money, Expectations, and Economic Growth

In various writings, Milton Friedman argued that there is a variable lag between changes in money supply and its effect on real output and prices. Friedman held that in the short run changes in money supply will be followed by changes in real output. However, in the long run changes in money will only have an effect on prices. This means, according to Friedman, that changes in money with respect to real economic activity tend to be neutral in the long run and non-neutral in the short run. In the short-run, which may be as much as five or ten years, monetary changes affect primarily...

Money-Supply Growth Remained Sluggish in May

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 May, year-over-year growth in the money supply was at 2.21 percent. That was up from April's growth rate of 2.00 percent. May 2019's growth rate was well down from May 2018's rate of 4.19 percent.   The money-supply metric used here — the "true" or Rothbard-Salerno money supply measure (TMS) — is the metric developed by Murray...

Money-Supply Growth Slows in February

Money supply growth slowed in February, falling to the lowest rate recorded since February of last year. Overall, money-supply growth remains well below the growth rates experienced from 2009 to 2016, and has fluctuated little since March of last year In February, year-over-year growth in the money supply was at 3.1 percent. That was down from January's growth rate of 3.3 percent, but was up from February 2018's rate of 3.0 percent.   The money-supply metric used here — the "true" or Rothbard-Salerno money supply measure (TMS) — is the metric developed by Murray Rothbard and Joseph...

Money-Supply Growth Falls Yet Again, Dropping to 116-Month Low

Growth in the supply of US dollars fell again in September, this time to a 116-month low of 3.4 percent. The last time the money supply grew at a smaller rate was during January 2008 — also at a rate of 3.4 percent. The money-supply metric used here — an "Austrian money supply" measure — is the metric developed by Murray Rothbard and Joseph Salerno, and is designed to provide a better measure than M2. The Mises Institute now offers regular updates on this metric and its growth. The "Austrian" measure of the money supply differs from M2 in that it includes treasury deposits at the Fed (and...

The Connection Between Money-Supply Growth and Inflation

In the article “Rapid money supply growth does not cause inflation” written by Richard Vague at the Institute for New Economic Thinking, December 2, 2016, the author argues that empirical evidence shows that increases in money supply has nothing to do with inflation. According to Vague, Monetarist theory, which came to dominate economic thinking in the 1980s and the decades that followed, holds that rapid money supply growth is the cause of inflation. The theory, however, fails an actual test of the available evidence. In our review of 47 countries, generally from 1960 forward, we found...

What Is the “Correct” Growth Rate of the Money Supply?

Most economists believe that a growing economy requires a growing money stock, on grounds that growth gives rise to a greater demand for money, which must be accommodated. Failing to do so, it is maintained, will lead to a decline in the prices of goods and services, which in turn will destabilize the economy and lead to an economic recession or, even worse, depression. Since growth in money supply is of such importance, it is not surprising that economists are continuously searching for the right, or the optimum, growth rate of the money supply. Some economists who are the followers of...

Money Supply Growth Moderated in December

In our last update on money supply — using the "Austrian" measure of money supply developed by Murray Rothbard and Joseph Salerno — we found that money supply growth hit a 46-month high of 11.2 percent in October. Growth has moderated since then, however, with year-over-year growth in US dollars dropping to 10.3 percent in November and 8.8 percent in December. This change somewhat follows a change in M2 over the same time period as M2 growth hit a multi-year high of 7.5 percent in October, but fell to 7.3 percent and 7.0 percent in November and December, respectively. The Rothbard-Salerno...

News

News Roundup 8/18/2022

US News Air Force Special Operations Command’s CV-22 Osprey aircraft fleet has been grounded over unknown issues with the clutch. Defense News China A top US military commander said Tuesday that the US must “contest” China’s missile launches over Taiwan that were...

News Roundup 8/17/2022

US News The Department of Education will forgive student loans for ITT Technical Institute students from January 1, 2005 until it closed in 2016. Over 200,000 former attendees of the school will have $3.9 billion forgiven. Market Watch The Army transferred control of...

Blog

Attention Fellow Philosophers: The Protestant Libertarian Podcast

On a recent episode of The Protestant Libertarian Podcast, Alex Bernardo and Laurie Calhoun discuss the MIC, its cultish features, the war on terror, Ukraine, war propaganda, and what to do about all of it. This relatively new podcast also has episodes on Ludwig...

RIP Michael Badnarik

I am told this morning that Michael Badnarik died in his sleep of heart failure last night. Michael was a great believer in and defender of freedom and the United States of America and its Constitution. He represented the Libertarian Party as presidential candidate...

KPFA Saturday Evening News–How Violence Breeds Violence

Short contribution of Laurie Calhoun to the KPFA Saturday Evening News on August 6, 2022, with David Rosenberg about drone assassination and the logic of “violence breeds violence”. This three-minute exchange spans 5:10-8:15. Many other foreign policy topics are also...

The Scott Horton Show

Conflicts of Interest

COI #312: UN Peacekeepers Commit Rampant Sexual Crimes in DR Congo

On COI #312, Kyle Anzalone discusses the Congo, Russia and China. Odysee Rumble  Donate LBRY Credits bTTEiLoteVdMbLS7YqDVSZyjEY1eMgW7CP Donate Bitcoin 36PP4kT28jjUZcL44dXDonFwrVVDHntsrk Donate Bitcoin Cash Qp6gznu4xm97cj7j9vqepqxcfuctq2exvvqu7aamz6 Patreon Subscribe...

COI #311: The White House Will Continue to Push Beijing

On COI #311, Kyle Anzalone discusses Russia, China and Africa.   Odysee Rumble  Donate LBRY Credits bTTEiLoteVdMbLS7YqDVSZyjEY1eMgW7CP Donate Bitcoin 36PP4kT28jjUZcL44dXDonFwrVVDHntsrk Donate Bitcoin Cash Qp6gznu4xm97cj7j9vqepqxcfuctq2exvvqu7aamz6 Patreon...

COI #310: Was the Al-Qaeda Leader Killed in Afghanistan?

On COI #310, Kyle Anzalone and Connor Freeman discuss Iran, Israel and Afghanistan.   Odysee Rumble  Donate LBRY Credits bTTEiLoteVdMbLS7YqDVSZyjEY1eMgW7CP Donate Bitcoin 36PP4kT28jjUZcL44dXDonFwrVVDHntsrk Donate Bitcoin Cash...

Don't Tread on Anyone

10 Debunked Conspiracy Theories Democrats Still Believe!

https://youtu.be/DG99R2dB8eg The problem with political decisions isn’t that most of us don’t get our own way. It’s also that these decisions are usually imposed on us against our will, by threats of violence...Democracy, as we practice it, is unjust. We expose...

The Utilitarian Case for Voluntaryism

https://youtu.be/mO0Wi-elguk If I try to take something from you, you will resist, imposing costs on both of us in the form of property damage and bodily harm, in addition to the cost of security you may incur to prevent future acts of coercion. It’s not just that...

The State is the Health of War

https://youtu.be/WnvtYw_QKQE Critics often dismiss private law by alleging that disputes between enforcement agencies would lead to combat — even though this happens between governments all the time! In truth, the incentives for peaceful resolution of disputes would...

Liberty Weekly Podcast

Josh Rogin, Propagandist Ep. 228

https://youtu.be/KOfe5385Pjw In this episode, I profile one of this era's most influential neoconservative voices, Josh Rogin. Rogin is a twice weekly columnist at the CIA Washington Post, where he advocates for US interventionism in every possible foreign...

Pelosi’s Pickled Provocation Ep. 227

https://youtu.be/6t0w03HduRI In the last two weeks, I spent a great deal of time covering Nancy Pelosi's reckless diplomatic visit to Taiwan. As a part of my coverage, I made a panel appearance on Around the Empire with JoAnne Leon and was glad to be a guest on It's...

Lies, Damned Lies, & War Propaganda ft. Prof CJ Ep. 226

  https://youtu.be/Qp4xpGlxsx8 In this week's episode, I invited Prof. CJ of the Dangerous History Podcast on to talk about Part I of his current podcast series. In Part I, Prof. CJ explores the "massive British propaganda operation in the US that ran from...

The Danger of the Fake China Threat ft. Joseph Solis-Mullen Ep. 225

https://youtu.be/OEcx1yQn6ic This week, I invited Joseph Solis-Mullen on the show to discuss his most recent article published at the Libertarian Institute. The article, entitled "The Fake China Threat and Its Very Real Danger" does an excellent job of demonstrating...

Year Zero

Tim Pool is Wrong About China w/ Patrick MacFarlane

Patrick is back, and this time we’re discussing how and why Tim Pool is wrong about China. Liberty Weekly Patrick Twitter Discord Libertarian Institute 19 Skills Pdf Autonomy Course Critical Thinking Course Donate Patreon RyanBunting.com

BTC Vs ESG w/Car

Car from TLE joined me again. This time I wanted Car to address my Concerns about ESG, and how he thought BTC was the answer. Timeline Earth Who is Car Timeline Earth Discord Libertarian Institute 19 Skills Pdf Autonomy Course Critical Thinking Course Donate Patreon...

Origins and Myths w/Adam Patrick

Adam Patrick is back to discuss the roots of metaphysical thought and language. Discord Libertarian Institute 19 Skills Pdf Autonomy Course Critical Thinking Course Donate Patreon RyanBunting.com

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