banking

monetary

Monetarism Is Suffocated By Its Endless Contradiction

Money isn’t abundant in Palo Alto but scarce in Baltimore because the state decreed it so, rather money in circulation is production determined. It’s a market phenomenon every bit as powerful as the production that drives it. There is in fact a free market for money, and it’s exacting.

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forbes

The Fed’s So-Called ‘Inflation Fight’ Was a Big, Fat Non Sequitur

The inflation fight was a non sequitur, not to mention that the higher prices had nothing to do with inflation. The wonder is if the various economic religions will ever accept that the fastest path to lower prices isn’t Fed rate fiddling, rather it’s spreading production across as many hands and machines as possible.

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