Inflation

Despite the real damage the Trump administration is doing to the economy, its cheerleaders in the Cabinet continue to insist all is well. This is beyond wishful thinking.

Ryan McMaken welcomes Mises Institute Senior Fellow Alex Pollock, a longtime expert on real estate finance, for a discussion on how Fannie Mae, Freddie Mac, and the Federal Reserve have created a socialist housing market in America. But it's socialism for the rich, and the system has made housing much more expensive for ordinary people. 

Not all debt is equal. When lending comes from real savings, the economy benefits, but when it arises from government credit expansion, it usually ends in economic disaster.

Fed Chairman Kevin Warsh has raised the Fed’s discount rate—to the chagrin of President Trump—but it is doubtful Warsh’s actions will be effective against inflation.

The chalkboard is the test. When Nigerian traders start painting their prices again, the reform will have worked, and no statistical release will be needed to confirm it.

While the government tells us that inflation is down because the CPI says so, there is another metric that tells a different story: measurement by gold prices.

Three pro-gold and silver groups have teamed up to present the second edition of the Sound Money Review, a scholarly journal dedicated to advancing principles of sound money.

With an election just six weeks away, we can count on the Federal Reserve to open the money spigots to bolster the economy. We will pay later—but we will pay.

Since fiat currencies, per se, are not redeemable for anything other than themselves, their very existence depends upon confidence.

Dr. Mark Thornton presents Hayek's "Choice in Currency," which diagnoses inflation as an ancient superstition revived by Keynes and proposes a radical remedy — letting people freely choose their money — now finding modern expression in cryptocurrency and the return to gold.