The Fed

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Peter Kerr

Any student of money and banking recognizes the sophistry in saying that "the Fed does not pay with paper money."

Rod Rojas
Gold money would put an end to — or at least expose — the thefts and power grabs perpetrated by the government.

There was no "irrational exuberance"; the exuberance was completely rational given the price signals at the time.

Peter G. Klein

So, isn't it time to demythologize all of this? Treasuries are bonds just like any other bonds. There's nothing magic, mythical, or sacred about them. A default on US government debt is no more or less radical than a default on any other kind of debt.

John S. Chamberlain

A credit default is not unprecedented. One occurred as early as 1777 and another as late as 1979.

Thorsten Polleit

It's going to happen unless we get radical reform soon.

Douglas French

The money inevitably flows to the latest speculative fashion, whatever it happens to be.

Patrick Barron

One wonders if this Fed official ever read Aldous Huxley's chilling book.