Thanks for modern Keynesian economics, most people believe money gains its value from the government that issues it. Money's value, however, is historically tied to the value of the commodity from which money was derived.
Since 1945, the federal government has come to dominate the tech sector with seemingly endless contracts and grants paid for by American taxpayers. This has also created a new class of scientific experts who rely on government funding for much of their work.
EU Central Bank President Christine Lagarde has declared that anything that might lead to private currencies must be stopped. Yet, as F.A. Hayek noted, one way to confound central banks is through private currencies.
EU Central Bank President Christine Lagarde has declared that anything that might lead to private currencies must be stopped. Yet, as F.A. Hayek noted, one way to confound central banks is through private currencies.
The Federal Reserve is not the only central bank in the world doing monetary and economic damage. Portugal's central bank, working as a branch of the European Central Bank, has been undermining sound money and economic prosperity in that country.
The Federal Reserve is not the only central bank in the world doing monetary and economic damage. Portugal‘s central bank—working as a branch of the European Central Bank—has been undermining sound money and economic prosperity in that country.
Dr. DiLorenzo has some words for Secretary Bessent about the true role of the Fed and its record in this open letter.
Dr. DiLorenzo has some words for Secretary Bessent about the true role of the Fed and its record in this open letter.
The Efficient Market Hypothesis claims that financial markets process information immediately and correctly. However, since the EMH is based upon unrealistic assumptions, we also have to question the efficacy of this hypothesis, especially when central banks intervene in the markets.
The Efficient Market Hypothesis claims that financial markets process information immediately and correctly. However, since the EMH is based upon unrealistic assumptions, we also have to question the efficacy of this hypothesis, especially when central banks intervene in the markets.
