In banking, rapid growth isn’t hard to achieve, if you are willing to assume risk. In fact, rapid growth should always be questioned as a sign of possible undue risk taking. How about the Federal Reserve Banks? How much risk are they taking, and on whose dime?
Robert Wenzel, the editor and publisher of Economic Policy Journal, has passed away.
The only way inflation could be defeated would be if periods of “negative inflation” existed. Unfortunately, this rare occurrence has only been for negligible amounts. It’s fair to say anyone alive today has only experienced perpetual price increases their entire lives.
In a thirty-minute lecture, Dr. Per Bylund looks at the history of the Austrian school and its future prospects in academia and beyond.
The current narrative garnering ever increasing media attention goes something like this: “Inflation was extremely high in the 1970’s so the Fed raised rates and controlled inflation.” But the true story is a bit more complicated.
America has subjected itself to a lost year of economically devastating, mentally abusive policies—all based on the authoritarian impulses of a technocrat. This has also become the norm for Washington’s imperial federal government.
The refusal of Congress to cut spending means the Fed will keep increasing its balance sheet in an effort to monetize skyrocketing debt.
As the face of the organization, Federal Reserve Chair Jerome Powell should bear the brunt of anyone’s perturbation over the central bank’s anti-ca
