The Fed

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Shawn Ritenour
Thanks to the central bank, those who worked hard and "played by the rules" all their lives now face an uncertain future as inflation chips away at their savings and threatens their financial stability.
Mark Thornton

"In other words, you cannot accurately forecast a recession or financial panic by looking at either the announcement or the completion of the world’s tallest building"

 

So The Economist apparently does not think too "highly" of my skyscraper theory

Mark Thornton

Europeans have long been fearful of the prospects of price deflation, but now that it has arrived they have embraced it.

Mark Thornton

The Fed has been messing with interest rates for a century and suddenly they have forgotten how to raise interest rates?

Mark Thornton
This paper examines the communications of officials from the Federal Reserve during 2007, the year between the end of the housing bubble and the beginning of the financial crisis.
Jörg Guido Hülsmann

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.