The Fed

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.

Bernanke's recent drastically inflationary move is based on a fundamental misunderstanding of how wealth is created and can only make things worse.

The greatest threat to worldwide prosperity is the complete collapse of what little remains of free-market capitalism.