The Fed

To prevent future economic pain, what is required is the closure of all the Fed’s means of creating money out of “thin air.”

Even mainstream empirical data shows that the Phillips Curve is wrong and that inflation does not cure unemployment.

Merely increasing demand does not increase production or produce wealth.

The skyscraper curse continues to haunt us. Thanks to cheap money and malinvestment, new record-setting skyscrapers are being planned and built as the global fiat-money-induced boom continues toward its inevitable correction.

Mark Thornton explains how silver money keeps inflation in check.

Until Ron Paul raised the issue at the national level, the Federal Reserve had been treated with lazy indifference.

Easy money policy hurts most people, particularly workers and savers, and redistributes their wealth to the ruling elites.

The history of the last great US monetary experiment in “quantitative easing” from 1934 to 1937 suggests that things could end badly.

Inequality and income inequality are natural phenomena because people are different. Coerced inequality is another matter.

Mark Thornton discusses Martin Wolf's recent claim that "cautious savers no longer serve a useful economic purpose".