Category: money

Posted on

DOGE, the Impoundment Control Act, and Trump’s opportunity for a little political warfare.

So, Elon Musk wants to cut the U.S. federal budget by $2 trillion or approximately 29.85%. If we transferred that percentage cut to annualized 2024 3Q federal government consumption expenditures and gross investment of $1893.4 billion, accounting for 6.5% of gross domestic product, government consumption expenditures and gross investment would fall to approximately $1,328.2 billion. … Continue reading DOGE, the Impoundment Control Act, and Trump’s opportunity for a little political warfare.

Posted on

Growth in money supply is relatively flat, but is money more expensive?

Between September 2023 and September 2024, M2 money supply went from approximately $18,110.3 billion to $18,151.4 billion, according to data from the Board of Governors of the Federal Reserve System. This amounted to a decrease in money supply of 2.17%. During that period, the money supply dipped as low as $17,923.3 billion in February 2024. … Continue reading Growth in money supply is relatively flat, but is money more expensive?

Posted on

Should we look at a mortgage like a forward contract?

Just finished watching an insightful interview between Todd Sachs and Danielle DiMartino Booth via YouTube. Ms. DiMartino Booth is a renowned market analyst and commenter who brings an insider’s perspective to activity in the financial markets and the effectiveness of monetary policy. Ms. DiMartino Booth expressed concern about how home purchases used to be about … Continue reading Should we look at a mortgage like a forward contract?

Posted on

What was missing from last night’s debate? An idea as to who will lead a Trump or Harris economy.

What I did not hear last night: who will be your pick for chairman of the Council of Economic Advisors? Who will be the director of the National Economic Council? Who would you select as chairman of the Board of Governors-Federal Reserve System? Who will you choose as Treasury secretary? (People are looking for ways … Continue reading What was missing from last night’s debate? An idea as to who will lead a Trump or Harris economy.

Posted on

As I wait for Kamala Harris’ inflation plan, I am convinced she knows nothing about monetary policy.

When you think about government, you should allow yourself to go outside the box. It means looking at the realities of human behavior and how we relate to each other. The only reason humans force themselves to be together is for the exchange of value. The values exchanged could be promises of physical protection exchanged … Continue reading As I wait for Kamala Harris’ inflation plan, I am convinced she knows nothing about monetary policy.