The Fed’s Portfolio Is Nonexistent: The Fed Does Not Invest. It Destroys Investments
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Every so often, I check my investment portfolio to see how it is doing. (I stay out of stocks these days, but that is due to my personal situation and is not to be taken as investment advice.) Portfolios are collections of various financial instruments that one is holding, and one always hopes that their value will head in the right direction over time.
Ominous Parallels Reconsidered
Forty years ago, I reviewed Leonard Peikoff’s Ominous Parallels very negatively, and with one exception, of which the less said, the better, this proved to be the most controversial review I have ever written. Perhaps it is time for a second look. In what follows, I’ll discuss some of the book’s main points and then offer a few critical remarks.
Why the Fed Is Bankrupt and Why That Means More Inflation
How Can We Restore Freedom and Sound Money in the US and the UK? Some Ideas
The Rise and Fall of Good Money: A Tale of the Market and the State
Hans-Hermann Hoppe on For a New Liberty at 50
Subsidizing Higher Education Is Not Creating Widespread External Benefits
President Biden’s student debt relief proposal created a storm of controversy. That is not surprising, since it was a transparent (and apparently successful) attempt to buy the votes of an important Democratic constituency, even though it created a target-rich environment for critics.
It’s Never Too Late to Begin Protesting against the Proposed Central Bank Digital Currency
Whether you like it or not, central bank digital currencies (CBDCs) are coming. That’s the message in a recent tech column in the Wall Street Journal.