The Fed

Modern prosperity is astonishing, but it can quickly disappear if our monetary unit fails. We need to keep up the fight for sound money.

Recorded at the Mises Circle in Fort Myers, Florida, 4 November 2023.

Recorded at the Mises Circle in Fort Myers, Florida, 4 November 2023.

The US economy has deteriorated into little more than a series of asset bubbles driven by the inflationary policies of the central bank.

The leviathan US state would not be possible without the Fed underwriting its growth. But the Fed is not all-powerful, nor can it continue to exist by only creating chaos.

Recorded at the Mises Circle in Fort Myers, Florida, 4 November 2023. Includes audience question and answer period.

The Federal Reserve is losing money, according to its official books. Does that matter, or does the Fed operate outside the bounds of the laws of economics?

As the federal government continues its Ponzi scheme of issuing debt to pay for past debts, interest rates will increase to the point where this no longer is a tenable strategy—if it ever was.

The Federal Reserve claims to know the “neutral” rate of interest, as though these things can be known administratively. Either interest rates are set by the market or done by fiat; it cannot be both simultaneously.

Because Federal Reserve policies distort the economy and create perverse incentives, Disney also must deal with intellectual property issues. The combination of the two will ruin the Snow White story.