In case you haven‘t noticed, housing prices are not rising like they did a short time ago, thanks to higher interest rates. Bringing down those rates, however, will increase inflation and make housing less affordable.
Brendan Brown reviews Ben Bernanke's 21st Century Monetary Policy. Bernanke gives a blow-by-blow account of his actions as Fed chair and justifies them as the "evolving" nature of the Fed. Unsurprisingly, he refuses to recognize the malaise of monetary inflation.
Greg Kaza reviews Ben Bernanke's 21st Century Monetary Policy: The Federal Reserve from the Great Inflation to COVID-19. The book is a candid yet self-justifying defense of the Federal Reserve's monetary policy that refuses to acknowledge how stimulus has driven inflation.
Peter Earle reviews Money and the Rule of Law: Generality and Predictability in Monetary Institutions. This edited volume delivers a timely critique of the Federal Reserve's discretionary monetary policy, arguing that a binding legal structure is needed to check its mission creep.
Rothbard argued that the Fed stripped away the natural checks of free banking, paving the way for endless credit expansion and inflationary cycles.
In this issue of The Misesian, we take a look at how states use their fiscal and financial powers to convert the productivity and resources of the private sector into warmaking power for the state’s elites.
On this episode of Power and Market, the roundtable talks about a new brewing scandal involving the Fed, revisits the conversation on nationalizing Washington, DC, and the new "golden age" of the Smithsonian.
The Fed by design feeds the political machine in DC by concealing the costs of government spending. The Fed serves the government, not the American people.
The Federal Reserve has what the New York Times called its “biggest shindig” of the year at Jackson Hole, Wyoming next week. What mischief are they up to?
Every August, central bankers gather in Jackson Hole to “save” the economy by the same magic tricks that broke it.
