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Tim Congdon

Falling money supply points to recession, and maybe severe

There is a connection between the money supply and the economy. The quantity of money has fallen quickly (and negative in the US), pointing to a recession in 2023. Inflation will head towards the 2% target in 2024.

Tim Congdon warned us and we ignored him on inflation

In 2020 and 2021, Tim Congdon warned us about rapid increases in inflation due to the excess of money growth over output, and he excoriates the experts who ignored the obvious. What is he now saying about 2023? 

How long will the bad inflation news last?

The answer to whether the US inflation increase will prove temporary or permanent depends on the rates of growth of the quantity of money. It needs to be brought down to about 0.3% a month, and that's a problem.

Magic money printing and the reality of inflation

It looks like a magic money tree, where the central bank simply deposits money in the government's bank account. We asked one of the world's leading authorities on monetarism for an explanation.

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