The Fed and the “Salvador Dali Effect”
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 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:
Arthur Burns, Federal Reserve chairman (1970-1978), delayed Murray Rothbard's doctoral dissertation at Columbia University in the mid-1950s. Rothbard (1969) later observed
Austrians have demonstrated that recessions—and depressions—are the inevitable result of central bank intervention in the economy.
Kaza reviews Alan Greenspan's book The Age of Turbulence: Adventures in a New World. Kaza asks "Which social acquaintance will defend Greenspan against the charge the seeds of the greatest