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.
The Fed
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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.
A Dollar as Good as Gold
The gold standard would terminate the world dollar standard by prohibiting official dollar reserves and the special access of the government and the financial class to limitless cheap Fed and foreign credit. It is an essential step toward stability.
Where Is QE2 Taking Us?
Five months into the second round of quantitative easing — "QE2" — it is useful to take stock of what it has, and has not, accomplished. QE2 has begun to deliver on all the dangers of which the critics warned, but not the alleged benefits.
The Moral Hazard of the Euro
It is a great pleasure for me to present this book by my colleague Philipp Bagus.
Over to You, H. Parker Willis
James Grant's testimony before the US House Committee on Financial Services. Here find the explanation of our monetary woes.
Why Is Unemployment So High?
What makes the current economy so awful is not that there is unemployment, or that there are unsold houses. Rather, things are bleak because it is so unusually difficult for workers to find buyers of their labor services, and for home owners to find buyers of their houses.
Say No to Libyan Intervention
Is it possible to both oppose Gaddafi and oppose a war on Gaddafi? Absolutely. This is a position that all Americans should adopt. In the same way, it is possible to oppose the Obama administration but also oppose having a foreign army oust him in order to liberate us.
