The Fed

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.
 

Deflation serves as the theoretical justification of every inflationary action taken by the Federal Reserve and central banks around the world.

Interviewed by host Alan Butler, Mark Thornton discusses the first three central banks in the United States.

Making sense of today's monetary chaos

The Fed has painted itself into a corner. There is no way that the nation can avoid either a recession or the collapse of the value of the dollar. We should prefer the recession, then insist on an end to monetary expansion, regardless of the howls from the politicians.

Interviewed by Merlin Rothfeld and John O’Donnell, Shawn Ritenour explains the truth behind the government’s economic data and the curr

Like Alan Greenspan before him, Ben Bernanke now collects huge fees for public speaking engagements.