by Ryan McMaken
Mises.org
In November, money supply growth rate was essentially unchanged from October and remains near September’s all-time high. The stabilization we find in money-supply growth in recent months comes after eight months of record-breaking growth in the US which came in the wake of unprecedented quantitative easing, central bank asset purchases, and various stimulus packages.
Historically, the growth rate has never been higher than what we’ve seen this year, with the 1970s being the only period that comes close. It was expected that money supply growth would surge in recent months. This usually happens in the wake of the early months of a recession or financial crisis. But it appears that now the United States is several months into an extended economic crisis, with around 1 million new jobless claims each week from March until mid-September. More than 5 million unemployed workers are currently collecting standard unemployment benefits, with 8 million more collecting “Pandemic Emergency Unemployment Compensation” as of late November.
In the space of two days, local lawmakers in Washington, D.C., have made it harder for the city’s restaurants to both retain staff they currently employ and hire new workers once the pandemic is over.
As long as Republicans allow unreciprocated decency to stand in the way of victory, they will be losers forever. And, right now, the leader of the losers is Attorney General William Barr.
As I sat down to write this, members of the Electoral College were meeting in the 50 states and the District of Columbia and casting what should be the final and deciding votes in the 2020 presidential election. Should be, but may not be.
So much for a peaceful transition …
Stimulus Fatigue sets in. Second month of declining retail sales in a row. But online sales eked out a new record, if barely.
God works in strange ways. Last weekend, two friends and I were deeply moved when we saw a theatrical production of Charles Dickens’ “A Christmas Carol.” This is the famous and popular tale of the transformation and redemption of Ebenezer Scrooge from a rasping, grasping old miser into a lovable, generous old man who, late in life, becomes determined to make amends for all his extreme selfishness and his public denunciations of charity.
Dr. Anthony Fauci said he and his wife will not be spending Christmas with family this year and advised other American families to follow his example.
Hunter Biden was repeatedly told by his business partner that he would begin receiving significant payments from a Chinese private equity firm starting in 2019, emails obtained by the Daily Caller News Foundation show.
President-elect Joe Biden’s inaugural committee is offering VIP donor packages ahead of Inauguration Day, allowing corporations to be listed as a “chair” of his inauguration for a $1 million donation.
What was the basis of panic that led the lights to darken on civilization? The most important date here might be March 11, 2020. That’s when Congress itself flew into an unwarranted panic, and acquiesced to a lockdown at the urging of the “experts.” State governors followed one by one, with few exceptions, and the rest of the world joined the lockdown frenzy.
Exchange Traded Funds, or “ETFs”, in all asset classes have soared in popularity over the years due to their liquidity, convenience, and low cost. They’re simple to trade, and they provide a quick and easy way to create a portfolio compared with having to buy each of the individual underlying assets. With respect to Gold and Silver, GLD and SLV provide an easy and cost-effective way to gain exposure to precious metals. And there’s no need to store anything, which means no vault fees and no risk of theft from your home.
I have pointed out to you in a number of postings to this website that known cures for Covid are being suppressed. HCQ, for example, is being intentionally kept from people who as a result needlessly die from Covid. In other words, it is the intent of public health authorities for Covid to be deadly. It will be difficult for you to accept that public health officials are sentencing people to death in order to fatten their own pockbooks. But that is a fact.