Lord Keynes was constantly worried that people were saving too much and consuming too little — thus the need for more and cheaper money to stimulate the economy. Mr. Bernanke is nothing if not a good Keynesian, and his low rates make even the savviest question whether to forgo consumption.
If we were to take the greatest economists from all ages and judge them on the basis of their theoretical rigor, their influence on economic educat
The only reason this nonsense is sustainable is due to the promise of the Federal Reserve to back all this spending with money creation.
In the U.S., an almost unsurmountable gulf separates “society” from the intellectuals, writes Ludwig von Mises (1881–1973).
A Fed employee argues that inflation is harmless. I argue that it is a rip-off for everyone who uses dollars.
Narrated by Paul Strikwerda.
James Grant's testimony before the US House Committee on Financial Services. Here find the explanation of our monetary woes.
