Republicans are certainly not in a position to legislate radical monetary reform. But that is no excuse for a careless decision by the would-be reformers to veer into a cul-de-sac under the misleading directions of Professor Taylor.
Keynesians are fond of overstating both the magnitude of the trade deficit and its alleged negative effects.
Many Austrians saw the bust coming, and thanks to Austrian economics, we also better understand the details of how booms and busts work.
Those who are calling for small reforms like changes to the Fed’s dual mandate are wrong. It is now clear that the Fed and the European Central Bank are hard-wired to inflate the money supply while encouraging banks to make excessively risky loans. Radical changes are needed.
Despite claims to the contrary, Japan’s economy is continuing to suffer mightily under the leadership of Prime Minister Abe Shinzo. Abe’s so-called “three arrows” of monetary stimulus, fiscal stimulus, and structural reform, have crippled the Japanese economy with higher taxes, inflation, and easy money.
For 100 years, the Fed has served to protect the interests of powerful banks through inflationary monetary policy, writes Benjamin Wiegold.
Jeff Deist discusses how the Fed creates a perilous landscape in which there is no honest pricing—everything has been distorted—even at the consumer level.
ECB’s Mario Draghi has taken over from Ben Bernanke as the world’s most enthusiastic money printer.
A little-known loophole in federal law allows people with disabilities to be employed below the minimum wage, writes Nicholas Freiling.
For 100 years, the Fed has served to protect the interests of powerful banks through inflationary monetary policy. The Dallas Fed opened an historical exhibit, the Kansas City Fed released a documentary, and the New York Fed even started a Facebook page, all to commemorate the date.
