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.

Mocking Biden’s blame-shifting strategy.

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

This is professional malpractice.

No, tax cuts don’t have anything to do with inflation.

A look at Reagan’s approach to inflation.

Don’t hold your breath expecting radical reform.

How governments benefit from unexpected inflation.