Any Signs of Inflation Yet?

Since mid-March, the M1 measure of the money stock has grown $900 billion—an increase of more than 20 percent over just two-and-a-half months. If it kept this pace, M1 would double in a year. Accompanying this, the Federal Reserve has injected massive amounts of liquidity into our economy by purchasing more than $2-1/2 trillion of … Continue reading Any Signs of Inflation Yet?

Has the Market Gotten Ahead of Itself?

Each day, it seems, the stock market moves closer to its February peak. After a late-winter plunge that erased roughly $7 trillion in household wealth, the S&P 500 index has recovered nearly all of those losses. Are investors in the market oblivious to the ongoing damage from COVID-19? What about the upheaval over the death … Continue reading Has the Market Gotten Ahead of Itself?

Ratio Christi: South Africa Meeting

On June 4th, I joined Simon Brace and Ratio Christi South Africa to discuss my latest book, Capitalism Versus Socialism: What Does the Bible Have to Say? Please feel free to click on the red button below to re-watch the event. View youtube stream The slides from the presentation are available for download below. Presentation … Continue reading Ratio Christi: South Africa Meeting

Why is the Federal Government the One to Pay for This?

Heating up is the issue of whether the next COVID-19 bill to be considered by Congress will include massive assistance from the federal to state and local governments, especially those most strapped. If enacted, this will involve the federal government borrowing even more in the credit market to be able to achieve the transfer. Why, … Continue reading Why is the Federal Government the One to Pay for This?