The Fed

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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.

Brendan Brown

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.

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Jekyll Island, Georgia

Please come to our exclusive Patrons Retreat this October 18-19 on Jekyll Island, Georgia, on the 100th anniversary of the Federal Reserve.

 

Erwin Rosen Adrián Osvaldo Ravier

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.

Randall G. Holcombe

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.