Trump, War in Iran, and Financial Markets, as of August 19, 2026
Yields on the 30-year bond have just rebounded again following heightened risks of further military intervention in the Middle East. On August 18, yields on…
Wars in the Middle East and Monetarism: America No Longer Defends Freedom or Capitalism Around the World
Those who manipulate public opinion and the markets would have everyone believe that America is on the brink of collapse, due in part to its…
August 15, 1971: Gold Is Not the Backing for a Currency
August 15, 1971, is a historic date, because for the first time in the world, a currency—the U.S. dollar—was no longer defined in terms…
The federal government’s net debt stands at 82.95% of U.S. GDP as of July 12, 2026
The actual net debt of the U.S. federal government is neither abnormal nor out of control. It is the subject of public opinion manipulation by…
Monetarism: Toward a Copernican Revolution?
Abstract Monetarists and nearly all economists agree that an increase in a nation’s money supply causes inflation, which stimulates GDP growth, and that, conversely, a…
U.S.: Monetary Hypertrophy, M3 Money Supply, and GDP Growth, as of July 6, 2026
Abstract An hypertrophy of the M3 money supply has been occurring in the United States since the early 2000s, as clearly shown by the graph…






