In the Fed’s desperation to hold off the coming pain, will Yellen start listening to Ben Bernanke and embrace the absurdity of negative interest rates? We are already seeing the consequences of such policy play out in Switzerland, Germany, and Japan.
The recent FOMC decision on Fed policy going forward was not unanimous. Let's take a look at who voted against the rest of the committee.
The Japanese response to negative interest rates was to buy personal safes. The German response is to pull money out of bank accounts and stick it in safe deposit boxes. Both are perfectly understandable reactions to the prospect of having to pay interest to a bank for holding deposits.
We're constantly being told by the mainstream financial media that saving money will destroy the economy. In truth, only saving — which is nothing more than refraining from spending — can repair the damage done by years of easy money and reckless spending.
Hillary Clinton has received $18,747 in campaign contributions from Federal Reserve employees — over four times more than all other candidates combined.
Many people have figured out that Wall Street and Washington, DC work together to rig the game in Wall Street's favor.
In this interview, Claudio Grass talks to economist and Mises Institute Senior Fellow Thomas DiLorenzo. Dr. DiLorenzo covers central bank monetary policies, Keynesian economics, the economic “recovery,” political correctness, and more.
The consequences of our government’s rigged society are all around us, be it the increasing reliance on food stamps, a far reaching tax system, or the gratuitous examples of well-connected elites enriching themselves from state intervention.
Asking wealthy elites to provide opinions about central banking generally results in reticence on their part. After all, many billionaires became rich or stay rich only because the global economy has been "financialized".
The BIS has just released a research report questioning whether negative interest rates are effective in achieving policymakers' goals of staving off a (phantom) deflation without adversely impacting the financial sector and the overall economy.
