The Fed and it's friends blamed cold weather for much of the year's lackluster economic growth. But cold weather does not explain the economic slowdown because cold weather does not stop economic activity, it merely shifts it to other activities and products.
All this however, can be reversed by shrinking the size of the government and by the closure of all the loopholes of the monetary expansion.
The reality is that hyperinflation is caused by a loss of confidence in the money unit, which the monetary authorities may be incapable of preventing.
There is trouble lurking in each of the book’s four chapters. The text gets off on a wrong foot as Bernanke overviews the origins and purposes of the Fed.
The Fed and the Treasury are betting on the fact that the dollar will remain the world’s reserve currency forever, and that the US can inflate with
The Fed does not produce work or items of value.
Protectionism harms US consumers by taking away options they prefer (and patriotism does not justify helping some American producers beggar American consumers).
Last week’s decision by the ECB to cross the border into negative territory marks a historic event and shows just how far central banks are willing to go to destroy the global economy.
Banking in its current form is not capitalism.
The Haven has posted the following poll question:
