For nearly 30 years, the Fed has pursued an easy-money policy that has made the economy increasingly dependent upon the next round of “stimulus.” Reversing that policy will mean, at least in the short run, a stiff recession before the economy rebounds, which is a non-starter today.
The Federal Reserve continues to be the not-so-silent partner to the government's reckless deficit spending scheme. While the Fed tries to force down interest, US bond yields are rising, as the markets recognize these bifurcated policies.
In What Has Government Done to Our Money? Murray Rothbard changes your whole view of the world—not just money.
The First World War was critical to boosting the influence of that child of progressivism and Wall Street corporatism: the Federal Reserve System.
The democratic mandate of the incoming Trump administration, along with Republican control of Congress and a confrontation of wills between the Pre
Federal oversight of each recycled metal transaction would be an intrusion into the daily life of the individual and business on an unseen scale.
When the bankers called for a central bank in the US, they claimed to only want a way to stop bank runs. It turns out that they wanted—and got—much more. The permanent regime of inflation and asset bubbles is the result.
The Fed wants independence so it can serve the interests of the banker class. There is no higher principle here. There is only power.
The Fed claims things are going very well, but Fed Chairman Jerome Powell got three questions at the press conference that he had trouble answering honestly.
