The Fed

The signs of an incipient asset bubble, induced by the Fed become more evident every day.

If the economy improves, the banking sector will increasingly loan out its reserves and bring inflationary pressure to prices. If the economy does not
    improve, the Fed will not be able to unload the low-quality assets on its balance sheet, and thus the inflationary pressures will remain. The so-called
    win-win solution to the crisis has become a lose-lose scenario.

If sanctity of contracts should rule in the world of private debt, shouldn’t they be equally as sacrosanct in public debt? The answer is no.

Paul Krugman in 2002: "Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble."

The official reaction to the present crisis has been a virtual match to Rothbard's recessionary “don’t do” list.

As if any more evidence were needed (se

Some experts are of the opinion that in the “new world,” because of Fed policies, there is little room left for the money supply to help explain the state of the economy.

To say that we need a politically created monopoly to create money is to in principle abandon the whole case for the free market and concede the value of central planning.

The scheme presented an implicit challenge to the much vaunted  "independence" of the Fed.

Only Austrians can explain why massive central bank money printing hasn't resulted in higher prices.