The Fed

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".

Interviewed by host Alan Butler, Mark Thornton explains fractional reserve banking and describes how we can ease our way out of the Federal Reserve

Central bank policies spread uncertainty, malinvestment, and unemployment. Only the private economy provides the necessary economic coordination.

Keynesians use a very narrow definition of inflation, but if we have a better and broader understanding of prices and money, we can see that asset-price inflation is all around us. The Fed is doing nothing to help the situation, and is only helping perpetuate a bubble.