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Bitcoiners are salivating at the idea of the Trump administration pumping their holdings by declaring a “Strategic Bitcoin Reserve” where the government pledges to hold onto its current stash or, in another version, start buying more bitcoin and using it to pay down the debt.
Free banking is seen by many as something that should be left in 18th century Scotland. Free banking is where each bank issues their own note that is redeemable for a certain amount of a commodity, typically gold. The value of the note is determined by the assessed probability that that bank will indeed be […]
Shortly after yesterday’s FOMC announcement, Peter went live to unpack its aftermath. He criticizes the Federal Reserve’s decision to hold rates steady, offers insight into Jerome Powell’s press conference remarks, and skewers the notion that the Fed remains “apolitical.” Peter also addresses President Trump’s evolving commentary on oil prices and interest rate cuts as 2025’s […]
Money Supply is a very important indicator. It helps show how tight or loose current monetary conditions are regardless of what the Fed is doing with interest rates. Even if the Fed is tight, if Money Supply is increasing, it has an inflationary effect.
China’s central bank moved on multiple fronts this week and last in an effort to shore up its currency, the yuan, which has languished near a 16-month low relative to the dollar. Authorities announced plans to park more U.S. dollars in Hong Kong, increase offshore borrowing limits for companies, and cautioned investors against speculative activity. […]
Critics of the Fed are well-versed in arguments against central banking. It enables reckless spending and creates monetary confusion, and it distorts prices for consumers. History also reveals another troubling result of central banking: more frequent and deadlier war.
Conventional wisdom says that the government can help (or is even required to) stimulate the economy, especially during a recession. As mounting evidence grows for a recession happening right now, it’s worth examining how this conventional wisdom is completely wrong and backwards. The government is typically the primary cause of recessions.
A recent article in the New York Times is reassuring. It assures us that while the recent CPI print showed inflation was running hot, not to worry! When measured in terms of “core” inflation, which “gives us a better idea of the underlying trend,” inflation actually isn’t so bad. And that underlying trend requires that […]
Today’s mainstream political narrative would have you believe that inflation is permanently cooling. The data tells a different story, with the money supply growing faster now than it has for more than the last two years.
Inflationist politicians would have their citizens believe fiat money is at worst a necessary evil and at best a monetary system free from the volatility of the business cycle. Yet, if one simply follows the history of American monetary policy, it’s obvious that fiat money is the result of diabolical political temptations.
