Posts Tagged ‘ central bank ’

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Leaping Toward the Keynesian Dream

Nov 30th, 2011 | By | Category: Featured, Macro Economics
The Fed's latest inflationary scheme sounds like a technocratic innovation. It lowered the costs of currency swaps between central banks of the world, with the idea that the Fed would do for the globe what Europe, England and China are too shy to do, which is run the printing presses ...read more

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Posted in Featured, Macro Economics | 5 comments


Infinite Stupidity

Nov 14th, 2011 | By | Category: Featured
"The unlimited resources" of the European Central Bank (ECB) are quickly becoming the new magic mantra in political commentary and financial market analysis, now that the bigger euro-dominos are beginning to wobble, and everybody realizes that nobody has the firepower to bail out Italy or to "recapitalize" (i.e., bail out ...read more

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Posted in Featured | 3 comments


Banks, Not the Free Market, Are to Blame

Nov 3rd, 2011 | By | Category: Economics, Featured
One nice thing about the Internet age is that libertarians and other supporters of the free market have a platform to offer our own narratives on financial crisis and recession. This democratization of publishing means we can offer counter-narratives to the those of the elites, and do so contemporaneously and ...read more

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Posted in Economics, Featured | 3 comments


How College Has Killed Wealth Creation

Oct 25th, 2011 | By | Category: Featured, Macro Economics, Politics
College is not necessary for most people. It never was. In fact, the preoccupation with college has left America bereft of its former ability to create wealth. An unhealthy cultural myth has flourished that says everyone must go to college and get an advanced degree, even if it's something for which ...read more

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Posted in Featured, Macro Economics, Politics | 11 comments


The Dual Mandates of the Federal Reserve

Oct 24th, 2011 | By | Category: Featured, Macro Economics
We are all aware that the Fed has a dual mandate of stable prices and maximum employment. But what may come as a surprise to most is that they have a distinct preference in their mandates. The Federal Reserve under Ben Bernanke has a clear bias toward fulfilling the goal ...read more

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Posted in Featured, Macro Economics | 1 Comment »


The Real Reason for the Uprisings

Oct 20th, 2011 | By | Category: Economics, Featured, Politics
What to make of Occupy Wall Street... We found the following in our inbox today from the National Inflation Association: "The Occupy Wall Street movement is gaining tons of momentum and is likely to continue picking up steam in the weeks and months ahead. Americans are angry, but they aren't exactly sure ...read more

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Posted in Economics, Featured, Politics | 9 comments


Mass Inflation, Yes; Hyperinflation, No

Sep 14th, 2011 | By | Category: Macro Economics
The United States is not going to get hyperinflation unless Congress nationalizes the Federal Reserve System. It will get mass inflation at some point: anywhere from 15% per annum to 30%. But it is not going to get 50% or 100% or more. Why not? 1. The temporary nature of the payoff 2. The ...read more

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Posted in Macro Economics | 2 comments


The Federal Reserve Is Why You Can’t Afford Food And Gas

Jun 24th, 2011 | By | Category: Economics, Featured, Macro Economics
The Federal Reserve is supposed to promote full employment and stable prices, yet its actions cause jobs to disappear and prices to rise. This should come as no big surprise, at least it shouldn't if you're not inclined to think government intervention is either desirable or productive. The Fed is ...read more

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Posted in Economics, Featured, Macro Economics | 2 comments


Milton Friedman’s Money Machine

Mar 21st, 2011 | By | Category: Featured, Gold, Macro Economics
Milton Friedman believed in the free market most of the time. The trouble was, whenever he approached the coercive monopoly known as civil government, he came up with logical solutions based on the idea that civil government can be made more efficient by adopting pseudo-market arrangements. He came up with ...read more

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Posted in Featured, Gold, Macro Economics | 2 comments


How to End the Fed

Mar 9th, 2011 | By | Category: Economics, Featured, Politics
Things are not always as complicated as they seem. With respect to the Federal Reserve System, it is a deliberate mystery. It was deliberately designed in 1910 to deceive the public, who were opposed the idea of a central bank. The conspirators who met on Jekyll Island in November 1910 ...read more

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Posted in Economics, Featured, Politics | 5 comments


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