Why did Donald Trump win on Tuesday? There are lots of theories, but I think this chart played a big role. It shows how the Federal Reserve dramatically expanded its balance sheet in 2020 and 2021. In other words, the Fed created a bunch of new money. And as Milton Friedman taught us many years ago, that’s a recipe […]

The problem of a boom-bust monetary policy.

Reality is being distorted.

What are the left’s arguments for getting rid of cash?

Comments to the Federal Reserve Board opposing a proposed rule to impose tighter price controls on interchange fees.

A look at Reagan’s approach to inflation.

Don’t hold your breath expecting radical reform.

How governments benefit from unexpected inflation.

The Fed made a mess with bad monetary policy and only the Fed can fix that mistake.

Contra CNN, we know what caused inflation.