Why central banks can’t manage our money
The long history of fiat money and the disasters it has left in its wake. (Column by Albert Friedberg)
The Fed
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Regulatory Sneak Attack
How government-backed hysterias endanger the prices of stocks. (Speech by Tom DiLorenzo)
Mr. Moral Hazard
The phrase of the day is "moral hazard." It's something everyone seems to think is a bad thing, but few are willing to do anything about, certainly not Alan Greenspan. So far, he's on record backing the Mexican bailout, the Asian bailout, the bailout of Long-Term Capital Management, and more IMF funding, despite the financial dangers all these create down the line.
Market Failure?
Financial instability and anti-capitalist fallacies about booms and busts.
Fed as God?
Having the central bank manage interest rates is central planning at its worst.
