America’s Bank is a mixed bag. Lowenstein ignores history and tells the narrative from a central bank bias when there were rival reforms at play.
The Federal Reserve and in particular fiat money ruins the incentive to save for a better future.
One of the most important concepts in economic theory is the quantity of money. But how do you count it?
We are living through "The Great Monetary Experiment" and no one knows exactly how it will end.
The Fed has realized it is in need of damage control when it comes to its reputation among much of the American public.
When new money is made, it helps those who get the new money first (usually the wealthy) — at the expense of those who get it later (the poor).
The Fed likes to constantly tell us how well the economy is improving while refusing to increase the target rate. That tells us all we need to know.
How our central banks were formed in the United States tells us a lot about their behavior.
