Power & Market

The interest income society pays is just one cost of having a central bank. But what of the actual operating expenses? What are the “brick and mortar” costs of running the Fed?

The notion of “Auditing the Fed’’ has been around for awhile. Technically, the Federal Reserve is audited.

Bureaucracies always benefit from political hysterias. A big one today is that police forces are being infiltrated by white supremacists.

Toshio Murata, a leading Japanese student of Mises, has died at the age of 97.

It was about this time in March 2003 that the bombs began to fall on Baghdad. I remember it well.

To date, no major political party in the United States has issued a coherent, principled policy on immigration.

The projections, like the methodology itself, are prone to bias, error, and fallacious reasoning, ultimately amounting to nothing more than guesses. Yet it’s believed this is all part of the planning process.

Currently, E-Verify is only used to assure a job applicant is a citizen or legal resident. However, its use could be expanded to advancing other purposes, such as ensuring a potential new hire has taken all the recommended vaccines.

The current debate on whether schools should be reopened or not is not just a debate on the safety of children.

The Fed says it will keep the easy money flowing until "full employment" is achieved. And what is full employment? The Fed will decide!