Economic Outlook

The government has seized and spent so much in just the last year that it's easy to focus on the issues of the day, losing track of the big picture. In this article I want to step back and survey the incredible growth, from the perspective of monetary policy and then fiscal policy. The situation is dire indeed.

The Federal Reserve and the Money Supply

Undoubtedly the biggest economic issue in free-market circles has been the extraordinary actions of the Federal Reserve since the onset of the crisis in the fall of 2008. To immediately get people to see what all the fuss is about, I like to show this chart from the St. Louis Federal Reserve:

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