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The Fed Embraces Its Inner Zimbabwean

Summary:
With Jerome Powell and Janet Yellen focusing on using monetary policy to manage climate change, the M1 money supply has gone parabolic, from just over trillion in February to .6 trillion in March. This is right out of Zimbabwe's playbook. Original Article: "The Fed Embraces Its Inner Zimbabwean​" This Audio Mises Wire is generously ...

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With Jerome Powell and Janet Yellen focusing on using monetary policy to manage climate change, the M1 money supply has gone parabolic, from just over $4 trillion in February to $18.6 trillion in March. This is right out of Zimbabwe's playbook.

Original Article: "The Fed Embraces Its Inner Zimbabwean"

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

 

Douglas E. French is a Director of the Ludwig von Mises Institute of Canada. Additionally, he writes for Casey Research and is the author of three books; Early Speculative Bubbles and Increases in the Supply of Money, The Failure of Common Knowledge, and Walk Away: The Rise and Fall of the Home-Owenrship Myth. French is the former president of the Ludwig von Mises Institute in Auburn, Alabama

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