The Fed

If executed perfectly, this swap allows the Fed to neutralize a shrinking money supply by swapping $2 trillion in mortgages for $2 trillion in government debt. 

If executed perfectly, this swap allows the Fed to neutralize a shrinking money supply by swapping $2 trillion in mortgages for $2 trillion in government debt. 

The aggregate net worth of all Americans is $170 trillion. Total government liabilities (on and off the books) are $160 trillion. Rick Rule: "I just don't understand how that great big large number goes away." Neither does the Fed.

Ryan McMaken, Jonathan Newman, and Joshua Mawhorter of the Mises Institute take a look at the politics of "fedspeak" and what officials at the Federal Reserve really mean when they say they're going to fix the Fed.

Mark Thornton argues we’re on the on-ramp to hyperinflation, and that the “gold didn’t spike on war” story misses the real driver: Fed policy, oil-driven CPI optics, and the coming scramble for liquidity.

Whether rates go up or down, neither outcome will be pleasant, leaving a bondholder caught between the Unthinkable and the Unimaginable.

Bob sits down with researcher Robert Aro to review his recent Mises.org article on why the widely anticipated post-QT crash never materialized.

Whether rates go up or down, neither outcome will be pleasant, leaving a bondholder caught between the Unthinkable and the Unimaginable.

Some economists have claimed that “transparent” monetary policy in which the Fed operates predictably will lessen the chances of the boom and bust cycles happening. It isn’t the lack of transparency that creates business cycles; it is Fed-caused malinvestments.

War in the Persian Gulf doesn’t just mean pricier gas. It can snap hidden supply chains that keep modern life running, from fertilizer and copper to plumbing repairs.