The Fed

Successful entrepreneurs are all Austrians, Per Bylund says. They just never had the words for it.

Even in a world of gold, silver, and costly mining, whoever got the new money first still came out ahead. Jeffrey Degner on why hard money doesn't repeal the Cantillon effect, and why fiat makes it far worse.

The Fed was sold as a check on Wall Street's power. Wall Street's share of the nation's bank reserves went up after it passed, not down. Patrick Newman on the Federal Reserve as cronyism.

Willie Sutton was a famous bank robber. The late Alan Greenspan used banks and the monetary system to take infinitely more money from Americans than Sutton ever stole.

In the wake of Alan Greenspan's recent passing, Bob revisits two contested claims about his legacy: did the Fed under Greenspan fuel the housing bubble, and did that bubble cause the 2008 financial crisis? 

Bob sits down with fund manager and author Larry Lepard to discuss his book The Big Print, which argues that the core problem with modern America is not corporate greed or partisan politics, but a monetary system deliberately structured to benefit those closest to the Fed.

Mainstream economists claim that understanding and observing reality is not really “doing economics.” Instead, they believe that all we need are abstract theories that predict events well. But over time, financial markets must bend to the real world.

Mainstream economists claim that understanding and observing reality is not really “doing economics.” Instead, they believe that all we need are abstract theories that predict events well. But over time, financial markets must bend to the real world.

The Fed was a government-sanctioned cartel engineered by the Morgan, Rockefeller, and Kuhn, Loeb interests to enable coordinated inflation.

With the Democrats ascendant under Wilson, the reformers repackage the Aldrich Plan as the ostensibly decentralized, government-supervised Federal Reserve—with Morgan-allied interests securing control.