Why is it that only former Fed officials are willing to say the truth about the economy and monetary policy. I know they don't know the whole truth and they are blinded by power, but why do they always wait till they are "former" to tell the truth.
"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
Jeff Deist and Paul-Martin Foss discuss we should end the Fed.
Europeans have long been fearful of the prospects of price deflation, but now that it has arrived they have embraced it.
The Fed has been messing with interest rates for a century and suddenly they have forgotten how to raise interest rates?
Joseph Salerno Interviewed on Gold Standard, Fiat Money...
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.
