Fed Retreats as Money Supply Surges!

In February, the money-supply growth rate hit a new groove, nearing a two-year high. It seems the Federal Reserve, in all its bureaucratic wisdom, is stepping back from its monetary "tightening" crusade. Once again, it appears the Fed can't quite commit to shrinking its own balance sheet—perhaps they fear the inevitable plunge once the fiscal fantasy ends. Meanwhile, the U.S. economy is whistling past the graveyard of potential inflation. Can we truly trust a system where the puppeteers wave their wands, conjuring dollars from thin air? The saga of fiat’s reckless dance continues, folks.