Inflation

^{Nathan Lewis
April 9, 2026
Currency, Economic Policy, Inflation

8}

Inflation Without Money Creation

_{Nathan Lewis
April 9, 2026
Currency, Economic Policy, Inflation

8}

Most theories of "inflation" revolve around some kind of money creation. In the past, this was commonly done with a printing press; thus "money printing." Today, it's mostly digital. But, as we described in our 2022 book Inflation: What It Is, Why It's Bad, and How To Fix It (the updated paperback edition is the one you want), it is much better to understand "monetary inflation" as a decline in the value of a currency. This might be accompanied by an increase in the "money supply," or it might not. Read More ›

^{Nathan Lewis
February 7, 2026
Inflation

6}

Here Comes $10 Gasoline

_{Nathan Lewis
February 7, 2026
Inflation

6}

When I look at how things are going, I keep coming to the conclusion that we might see $10 per gallon gasoline at your local pump pretty soon — maybe in 2027. It would cost $200 for a 20-gallon fillup. It might not happen, but if it did, it wouldn't surprise me a bit. Basically, it would feel like a replay of the Oil Crisis of 1973. Read More ›

^{Nathan Lewis
January 16, 2026
Economic Policy, Taxes

7}

How to Save Iran 1-2-3

_{Nathan Lewis
January 16, 2026
Economic Policy, Taxes

7}

Iran has been experiencing quite a bit of disorder recently. The reasons for this are "complicated" — Iran has many foreign enemies, and the situation smells like an attempted "color revolution" — but the government of Iran has also been making quite a mess of things all by itself, recently and for a long time now. It's no surprise that even the most patriotic Iranians might be very dissatisfied today. Read More ›

Printing US dollar bills. Concept of United States economy, buying and selling banknotes in the worldwide. Global finance and business.

^{Nathan Lewis
June 3, 2025
Economic Policy, Inflation

7}

Lawrence Lepard Predicts “The Big Print”

_{Nathan Lewis
June 3, 2025
Economic Policy, Inflation

7}

The 2020 period, in which central banks around the world engaged in unprecedented monetary expansion, showed their increasing willingness to essentially “run the printing presses” whenever things got tough. Unfortunately, along the way, they also showed Congress (and other governments worldwide) that no real discipline is needed, because every problem can ultimately be solved with the central bank printing press. Read More ›

saving energy and money concept. idea for save or investment. businessman holding lightbulb beside piggy bank and coins stacking on desk with note book.

^{Gale Pooley and George Gilder
May 2, 2025
Abundance

3}

The Virtues of the “Knowledge Theory of Value”

_{Gale Pooley and George Gilder
May 2, 2025
Abundance

3}

Kevin Hoover suggests that William Nordhaus relied on the labor theory of value in his paper on light (Letters, April 24). Yet Nordhaus actually used knowledge, not labor. He offered a method to measure innovation: the discovery and sharing of valuable new knowledge. Nordhaus measured the amount of knowledge per unit of time and observed that knowledge about light was growing exponentially, surpassing traditional measures of economic development. It is the time price over time that truly deserves our attention. Read More ›

gold bullion bars on usd money bills. Success concept

^{Nathan Lewis
March 12, 2025
Inflation

5}

Another Round of Inflation on Deck

_{Nathan Lewis
March 12, 2025
Inflation

5}

When we wrote this in 2022, it took about $1800 to buy an ounce of gold. Today, it is more like $2900. That implies an $1800/$2900=0.621 or a 38% decline in dollar value over that period. Prices will eventually adjust, over a period of years, to the new, lower value of the currency, with some prices moving faster and some moving slower. “All things being equal” (they never are but it is a good principle), we should expect a $2900/$1800 or 61% rise in prices of goods and services going forward, compared even to the inflation-boosted prices that we have had to get used to in 2022-2024. Read More ›

^{Nathan Lewis
June 5, 2024
Inflation, Politics

6}

Time to Take Sound Money to the Federal Level

_{Nathan Lewis
June 5, 2024
Inflation, Politics

6}

The idea of “Sound Money” — this means using gold and silver as money — has been persistently popular among the states for over a decade. Beginning with Utah in 2011, one state after another has removed barriers and impediments to using gold and silver, and digital or other alternatives based on gold and silver, in a monetary role. With over 40 states now having passed some kind of Sound Money legislation, it is now time to take on the federal government. Representative Alex Mooney (R), of West Virginia, recently introduced the Monetary Metals Tax Neutrality Act, HR 8279, into the US House. The bill aims to repeat, at the federal level, what has already been accomplished in many states. Read More ›

^{Scott S. Powell
April 9, 2024
Growth, Wealth Creation

5}

The U.S. Has No Choice but to Undertake Radical Economic Change

_{Scott S. Powell
April 9, 2024
Growth, Wealth Creation

5}

Burdened with $34.5 trillion in national debt that is currently growing by $1 trillion every 100 days, the U.S. economy is headed for disaster. It falls on the next administration to change that trajectory while also introducing policies that increase and broaden economic growth and wealth creation for everyone. Read More ›

^{Gale Pooley
November 15, 2023
Growth

2}

For The Time It Took To Get One Mile In 1980, You Get 2.29 Today.

_{Gale Pooley
November 15, 2023
Growth

2}

While the nominal price of a gallon of gasoline has increased by 183 percent, the time price has actually dropped by 29 percent. Read More ›

^{Scott S. Powell
March 20, 2023
Inflation

6}

The Greatest Risk to Americans Is the Federal Government, Not Bank Failures

_{Scott S. Powell
March 20, 2023
Inflation

6}

It's far better for America’s citizenry and businesses to have the strength and resourcefulness that comes from free exchange of ideas and information, creativity, honesty, and self-reliance than to have a dependence on a profligate and corrupt government. Read More ›