Posts Tagged ‘ Federal Reserve ’

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How To Debate Paul Krugman

May 2nd, 2012 | By | Category: Featured, Macro Economics
Paul Krugman is the high priest of Keynesianism and modern interventionism, of economic improvement through inflation and budget deficits. As such he is bête noir among us libertarians and Austrian School economists. What makes him so annoying is his unquestioning, reflexive and almost childlike enthusiasm for state intervention, even in the ...read more

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Posted in Featured, Macro Economics | 6 comments


Ben Bernanke Considers Your Happiness and Security Expendable

Mar 29th, 2012 | By | Category: Featured, Macro Economics
"Ben Bernanke the money bomber has resorted to delivering his anti-gold, pro-fiat sermons to captive audiences on US college campuses," writes Dan Denning of The Daily Reckoning Australia. That's right. Bernanke is taking his easy money message to the streets. According to Bloomberg: "Now that the weather is nice, I'm half-expecting Ben ...read more

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Posted in Featured, Macro Economics | 1 Comment »


The Fed’s Newest Trick

Mar 8th, 2012 | By | Category: Featured, Macro Economics
Gary Gibson, Introduction... Does the Fed's latest colorfully named plan amount to anything more than money printing and legerdemain? Will it not punish savers and interfere with oh so vital capital accumulation? Jeffrey Tucker is on hand to take a look in today's feature article. And then we get real in today's Parting ...read more

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Posted in Featured, Macro Economics | 8 comments


The Great Monetary Debate

Feb 7th, 2012 | By | Category: Economics, Featured
When National Public Radio airs a segment on the gold standard, you know that the debate over the quality of money has reached the point where it can no longer be ignored. Another sign came last month when Newt Gingrich, who has never shown the slightest interest in the cause ...read more

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Posted in Economics, Featured | 3 comments


The Transformation of Banking

Jan 30th, 2012 | By | Category: Featured, Macro Economics
There is a scene in the Parable of the Talents in which the returned master berates the shabbiest of his three servants. Discovering that he had buried his seed capital in the ground, the master says: "You should have put my money on deposit with the bankers, so that when ...read more

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Posted in Featured, Macro Economics | 6 comments


Zero Percent Uber Alles

Jan 26th, 2012 | By | Category: Economics, Featured, Macro Economics
We are getting a sense of what life is like with the new Fed policy of openness. It means that the chairman tries to beat the world record for the longest, most-boring press conference in modern history. Ben Bernanke is getting even better at that crucial skill of repeatedly saying ...read more

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Posted in Economics, Featured, Macro Economics | No Comments »


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


Central Banks Aren’t Banks

Sep 26th, 2011 | By | Category: Economics, Featured
I am going to make a number of obvious statements that we all can agree are true, but what they add up to is a startling conclusion. What we call "central banks" are not banks at all. What is a bank? According to a helpful little essay on banks for students ...read more

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Posted in Economics, Featured | 2 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


Gold Still A Better Idea Than Mainstream Asset Allocation

Aug 24th, 2011 | By | Category: Featured, Gold
With gold making its expected pullback we needed a chuckle so we checked the New York Times and found this article from yesterday... No one I spoke to would venture a guess as to how high gold would rise before it hit its peak. But most stressed that people forgot that ...read more

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Posted in Featured, Gold | 2 comments


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