The Federal Reserve currently has a board composed of five people. At $970 million spent on board expenditures in 2021, this equates to an average cost of $194 million per each Governor. Isn’t this completely incomprehensible, and something the mainstream media or Congress should inquire about next time they meet with the Fed?
[Mr. Grant studied under Mises at NYU in the early 1960s and became a friend of Rothbard’s some years thereafter.]
In all times of state dominance, the instability of the system gives rise to two types of reformers: the moderates who want to work within the system but end up defending it, and the radicals who have the clarity to see that the only real solution is upheaval. If the latter prevail — and they often have in the history of politics — it is only after having endured the slings and arrows of the former.
The Chinese regime is doubling down on its “zero covid” strategy. In recent weeks, new covid cases have been detected in several cities. In a world of the more contagious omicron variant, this is to be expected.
But what has been the Chinese state’s response? It’s more of the same. Lockdowns, travel suspensions, and more. NBC reports:
Should sex or race play a role in hiring decisions at the Federal Reserve?
Consider the alleged problem in which the mainstream media, economists and Congress want your focus, courtesy of Reuters:
Currently, the Fed’s board has only five members, all white and three of whom are men.
Mention the term “legal tender“ in polite company and most people will resemble a deer in the headlights. In simple terms legal tender is a kind of money a creditor cannot refuse in discharge of a debt due to him in the money issued by government. This is a legal designation for government-issued money—usually fiat money, nowadays—with special status. And although legal tender laws do not force consumers and merchants to use the “official” money, this money comes to be highly favored.
Recently, there has been a debate in Germany on the constitutionality of additional government borrowing of €60 billion. The borrowing is debated because Germany has a constitutional debt brake. The debt brake limits the possibility of the government to indebt itself and pushes it toward a balanced budget in normal times. In times of emergency, however, the debt brake allows for exceptions and higher deficits to fight the emergency. Unsurprisingly, huge amounts of debts were issued to cope with the corona crisis.
Price inflation is the highest its been since 1982. Real wages are plummeting. Joe Biden’s approval ratings are now on par with George W. Bush’s after both the Iraq War, the financial crisis, and eight years of Jon Stewart. This is with the benefit of Kim family–level devotion from the corporate press, Big Tech, and almost every pop culture figure.
“If any State in the Union will declare that it prefers ‘separation’ over ‘union,’ “I have no hesitation in saying, ‘let us separate.’” 1
~ Thomas Jefferson
