The Fed

Joseph Salerno is interviewed by the Daily Bell.

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

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

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

Without government, unemployment could be relatively easily alleviated.

Bernanke and other experts believe that it is possible to bring inflationary expectations to a state of equilibrium.

Dean Baker — prominent Keynesian pundit and codirector of the Center for Economic and Policy Research — testified that the dollar's fall was inevitable, and even a good thing in light of the US trade deficit. At the time, I knew I disagreed with Baker, but I didn't get a chance to explain why.

As interviewed by Mark Carbonaro, 1460 KION, Salinas, California; 29 April 2011.

Once Fed policy makers freeze the balance sheet of the US central bank, the growth momentum of the money supply will slow down.

The deficit-hawk politicians are right when they say the government should be sharing in the belt-tightening along with everyone else. Slashing spending at the federal level would return much-needed resources to the private sector, where they would do the most good.