Buffett and the Money Supply

The U.S. is subsidizing 1/3 of the government costs of Ukraine. That includes teachers and pensions.

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Debt costs as a share of total outlays over the next 30 years 

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The Equal Employment Opportunity Commission (EEOC) filed a lawsuit against Meathead Movers for alleged age discrimination.
In a new release announcing the suit, the EEOC alleged that “since at least 2017, Meathead Movers failed to recruit and hire applicants over 40 into moving, packing and customer service positions. Meathead maintains a pattern or practice of recruiting and hiring young college students, intentionally excluding older workers regardless of their individual abilities.”

Interestingly, there was no complaint; the agency generated the case themselves.

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Buffett and the Money Supply

Warren Buffett's firm Berkshire Hathaway sold $28.7 billion of stock in the first three quarters of 2023. Buffett's and Berkshire Hathaway's recent lightening up on stocks and accumulating a pile of cash—$157 billion.

Steve H. Hanke, a professor of applied economics at Johns Hopkins University who served on President Ronald Reagan's Council of Economic Advisers, said, "The money supply of the United States, broadly measured [M2], started contracting in July 2022, and has been falling like a stone. Since last year, the U.S. money supply has contracted by 3.3 percent."

According to Hanke, there have been only four periods in U.S. history—in 1920-21, 1929-33, 1937-38 and 1948-49—in which the money supply has had significant contractions.

"Each of those four episodes was followed by a serious recession," he said. "The current monetary contraction is clearly going to lead to precisely what monetary contractions always lead to: a recession."