The Money Supply Fell for the Fifteenth Month in a Row as Full-Time Jobs Disappear
2024-03-21
Money supply growth fell again in January, remaining deep in negative territory after turning negative in November 2022 for the first time in twenty-eight years. January’s drop continues a steep downward trend from the unprecedented highs experienced during much of the past three years.Since April 2021, money supply growth has slowed quickly, and since late 2022, we’ve been seeing the money supply repeatedly contract, year over year. The last time the year-over-year (YOY) change in the money supply slipped into negative territory was in November 1994. At that time, negative growth continued for fifteen months, finally turning positive again in January 1996. Money-supply growth has now been negative for fifteen months in a row. During January 2024, the downturn continued as YOY growth in
The Economics of the AI Revolution
2024-03-21
Tu ne cede malis, sed contra audentior ito
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State Militias and the Second Amendment: Decentralizing Military Power
2024-03-19
Tu ne cede malis, sed contra audentior ito
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Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436