Ryan McMaken | TalkMarkets | Page 1
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Ryan McMaken is the editor of Mises Wire and The Austrian. Ryan has degrees in economics and political science from the University of Colorado, and ...more

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The Money Supply Fell For The Fifteenth Month In A Row As Full-Time Jobs Disappear
​​​​​​​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.
Employment Falls For The Third Month In Spite Of 50,000 New Government Jobs
According to a new report from the federal government's Bureau of Labor Statistics this week, the US economy added 275,000 jobs for the month of February while the unemployment rate rose to 3.9%.
New Jobs Report: Full-Time Jobs Disappear As Fewer Americans Find Work
The economy doesn't work that way, though, and if we want to understand what direction the economy is heading in, we have to rely on sound theory rather than what some Federal bean counters say happened last month.  
Money-Supply Growth Has Stabilized As Stealth Liquidity Keeps Bubbles On Life Support
​​​​​​​Money supply growth fell again in December, remaining deep in negative territory after turning negative in November 2022 for the first time in twenty-eight years.
Why The Fed Sends Mixed Messages On Rate Cuts
When the Fed starts cutting rates, it's a pretty safe bet that a recession is on the way. Bigger rate cuts also tend to signal bigger problems.
2024's Deficit Is Already On Track To Be The Worst Since Covid
A 2024 annual deficit of $2 trillion would make 2024's deficit the third-largest deficit ever, behind only 2020 and 2021 during which federal spending in covid-related social benefits were seemingly unlimited. 
There's No Easy Way Out Of This Debt Spiral
We're about six weeks into fiscal year 2024, but if this year looks anything like last year, we can assume the federal government will continue to pile up debt at astonishing rates.
The Federal Reserve Turns 110: A Review Of The Damage Done
It's about much more than just price inflation. Ryan and Jonathan Newman look at the many ways that America's central bank causes economic chaos while making us poorer and more unequal.
The Fed Holds The Fed Funds Rate Steady - Because It Doesn't Know What Else To Do
This "pause" in the target rate suggests the FOMC believes it has raised the target rate high enough to rein in price inflation which has run well above the Fed's arbitrary two-percent inflation target since mid-2021. 
Why The "Just Wage" Theory Doesn't Make Much Sense
In the bizarre mental acrobatics of just-wage theory, however, we are to believe that the employer ought to have a responsibility only to the worker who is receiving the non-zero wage. 
Credit Crunch: The Money Supply Has Shrunk For Eight Months In A Row
Since April 2021, money supply growth has slowed quickly, and since November, we've been seeing the money supply repeatedly contract—year-over-year— for six months in a row.
Powell Sends Mixed Messages As He Chickens Out On Rate Hikes
With all that easy money sloshing around for so long, we can see that FOMC members have good reason to fear that inflation has not yet been tamed. 
Yet Another Month Of Questionable Federal Jobs Data As 310,000 Fewer People Report Having Jobs
May appears to be yet another month in which it seems nearly every economic indicator except the payroll jobs data points to an economic slowdown.
The Debt-Ceiling "Deal" Is Exactly What We Expected
Whether Republican or Democrat, there simply isn't much to be gained from going to the wall to cut spending. The average voter is quite happy to see more government spending, so long as it's on the "right" programs. 
As Interest Rates Rise, The Era Of Deficits Don't Matter Is Over
Back in 2002, then-Vice President Dick Cheney claimed "Reagan proved deficits don't matter" and went on to push for tax cuts combined with more federal spending. Indeed, the Bush administration would go on to push immense amounts of new spending.
Banks Are Lending Less Money, And That's A Formula For Recession
Banks have been tightening their lending standards, and they plan to keep doing it throughout the rest of the year.
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