mowo

Sell the Dollar, Buy the Euro? Think Again.

The author and others continue to repeat the central banker's nonsense that inflation is rising prices. Politicians and central bankers would love people to believe that the effect is somehow the cause. Inflation is literally an inflated money supply. The law of supply and demand will cause more units of a currency chasing the same goods to lose their value.

When the central banks like the Federal Reserve begin "buying" debt, it is with an accounting entry, hence we in the US see "Federal Reserve NOTES" (a promise to pay back nothing). More BILLIONS of dollars in circulation that were never there before: that is the inflation of the money supply that can't be undone by grandiose talk about "macro-economics" or some other pseudo-science.

Why is the M3 money supply number no longer reported? Seems fairly important to me.