Money creation does not benefit equally. It creates a class of winners (those who get new money first) at the expense of losers (those who get new money later). Not surprisingly, an inflationary money supply increases the wealth and income gap in society.
Jeff Deist and Jay Taylor discuss markets, business cycle theory, and the Fed's latest bubble.
Janet Yellen testified before Congress this week, but the Senate Republicans, who claim to be the guardians of monetary sanity, failed to show any true understanding of monetary policy and the damage the Fed has inflicted.
In this interview, Mark Thornton talks to host Scott Horton about how we are much better off without the fed,
Please come to our exclusive Patrons Retreat this October 18-19 on Jekyll Island, Georgia, on the 100th anniversary of the Federal Reserve.
This article reviews the Fed’s performance with particular emphasis on its contribution to the 2008 crisis and then suggests an alternative policy which, had it been in place would have dampened the most recent boom and bust.
In this fascinating interview, Mark Thornton explains how the Austrian business cycle predicted the housing bubble, and how those cashing in on it
Popular opinion seems to be that falling prices—or even stable prices—are bad for the economy, but I’ve never seen any good arguments about why.
The recent de-peg of the Swiss franc from the euro illustrates the importance of currency competition, and the damage that state monopolies over money can do. We Americans should embrace currency competition here at home as well.
Interviewed by Solidus.Center founder Seth Mason, Mark Thornton and Walter Block discuss the history of the Fe
