Another Reason to End the Fed
Gasoline prices would be 27 percent lower today if the dollar had held its value relative to the euro over the last decade.
The Fed
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The Sphinx Speaks!
Why should we care about his predictions concerning the economy or his recommendations for how to end the slump? The answer, of course, is that the Federal Reserve has the power to destroy the world economy.
Money Can’t Buy You Economic Prosperity
We cannot eat money. We cannot wear money. We cannot live in money. Money can't buy you love.
Uncle Sam: Busted
The federal government is digging itself deeper and deeper into debt at an alarming rate.
The Fed Obliterates the Savings Ethic
Lord Keynes was constantly worried that people were saving too much and consuming too little — thus the need for more and cheaper money to stimulate the economy. Mr. Bernanke is nothing if not a good Keynesian, and his low rates make even the savviest question whether to forgo consumption.
The Need for 100% Reserves
No one will suspect John Adams of demagogy, but he was quick to denounce any issue of private bank notes as a fraud upon the public.
The Budget Battle
The only reason this nonsense is sustainable is due to the promise of the Federal Reserve to back all this spending with money creation.
Life with the Fed: Sunshine and Lollipops?
The fake version of history says that without a central bank or its lesser cousin, a national bank, we had nothing but boom, bust, and sorrow — but since the creation of the Federal Reserve System, it's been nothing but sunshine and lollipops. Let us take a look.
The Cure (Low Interest Rates) Is the Disease
The artificial lowering of the interest rate causes malinvestment and the ensuing financial and economic “crisis.”
Is Inflation Harmless or Even Good?
A Fed employee argues that inflation is harmless. I argue that it is a rip-off for everyone who uses dollars.
