A Look Behind the Fed’s Curtains
Jonathan Newman was present as one of the Federal Reserve governors gave a talk and was able to ask questions. It seems there is not much behind the Fed’s technocratic veneer.
Central Banks
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A Look Behind the Fed’s Curtains
Our own Jonathan Newman had the opportunity to sit down with a Federal Reserve governor. The central banker's answers to Newman's questions were evasive and riddled with contradictions. It seems there is not much behind the Fed's technocratic veneer.
39 Going on 40 (Trillion)
39 going on $40 trillion is an achievement only in the sense that many once thought we’d never see numbers this large.
The Money Multiplier – Myth or Reality?
The so-called money multiplier that exists through fractional reserve banking is propped up by central banking and inflation. It is not a good thing for the economy.
Milei Defends Capitalism and Austrian Economics at the WEF
Bob discusses Javier Milei’s 2026 address to the World Economic Forum explaining the Austrian and neoclassical ideas behind Milei’s defense of capitalism.
The European View of Debt, Deficits, and Inflation
Italian economist Bernardo Ferrero joins Ryan McMaken to discuss the state of European politics over taxes, spending, inflation, and fiscal and monetary policy.
In Support of the Austrian Business Cycle Theory
Critics of the Austrian Business Cycle Theory claim that capital investors over time will no longer be fooled by artificially-low interest rates triggered by central banks. However, when central banks push easy money policies, the inflation itself sets the ABCT pattern in motion.
The United States v. Jerome Powell
On this episode of Power and Market, Ryan, Connor, and Tho discuss the reported probe into Fed Chair Jerome Powell. Is this actual accountability for malfeasance, or a petty battle of DC egos? At the end of the day, does the difference matter? And should Powell be encouraged that central banks around the world are standing in solidarity with him? The panel dives into these questions and more.
Do Central Banks Determine Interest Rates?
While most economists believe that central banks set interest rates, in reality, they are set by time preferences of individual actors in the economy. Central bank influences on interest rates ultimately result in setting off boom-and-bust cycles.
Woodrow Wilson’s Christmas Grift of 1913
Two days before Christmas, 1913, the infamous “creature from Jekyll Island,” the Federal Reserve System, was birthed into our body politic. It has been devouring the economy ever since.
