Peter's Blog

Has Slowing Money Supply Growth Led to a Directionless Stock Market?

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.

Even the NYT Is Saying, “Buy Gold”

A recent piece in the New York Times encouraged readers to buy gold, noting its record-breaking run since 2020. However, what the article gets wrong is associating the phenomenon with presidential policies instead of central bank monetary policy. Treasury policies can contribute to money supply growth by issuing debt, and presidential policies can add fuel […]

Purchasing Power and Global Demand for the U.S. Dollar

With trade wars popping in and out of headlines during the Trump presidency, there are no guarantees when it comes to foreign exchange. As tariffs, bailouts, and central banks all affect exchange rates, it’s worth revisiting what causes the international economy to demand the almighty US dollar.

Money Supply Grew by 4% in 2024

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.

Money Supply Growth Surges to 27-Month High Amid Inflation Concern

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.

Is the Fed Loosening, Tightening, or Both? The Policy Paradox Unfolds

For the last two years, the media and establishment political class have claimed Fed policy has been sufficiently restrictive to tame inflation. But with Jerome Powell’s recent admission that inflation is higher than it should be, it’s clear that the Fed has not been hawkish enough. The following article was originally published by the Mises […]

What does MV = PQ Mean for America?

As prices rise and economic uncertainty becomes a daily reality, many Americans are left grappling with the question: how did we get here? With inflation eating away at purchasing power, the need for a sound monetary policy has never been more pressing. In these turbulent times, the insights of Nobel laureate Milton Friedman shine brightly. […]

Comex Gold: October Open Interest is Double The Amount from Last Year

The CME Comex is the Exchange where futures are traded for gold, silver, and other commodities. The CME also allows futures buyers to turn their contracts into physical metal through delivery. You can find more detail on the CME here (e.g., vault types, major/minor months, delivery explanation, historical data, etc.).

August Money Supply Grows by Most Since December 2021

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.

Demagogue Elizabeth Warren Flunks Econ 101:

Last week, Massachusetts Senator Elizabeth Warren appeared on CNBC to defend Vice President Harris’ recent proposal to implement price controls. What followed was a predictable progressive screed full of economic fallacies and finger-pointing. Here we’ll take apart two of her claims. In the first, she engages in question-begging about the effects of price gouging laws. […]