Would Stress Tests Have Prevented the Failure of SVB? Probably Not
While progressives are claiming the collapse of Silicon Valley Bank was due to poor regulation, the real problem is the easy money policy of the Fed.
While progressives are claiming the collapse of Silicon Valley Bank was due to poor regulation, the real problem is the easy money policy of the Fed.
Mark is not fooling around today. He looks at gold and its price as indicators of what governments are really up to.
Political money is unsound money, and while civilization cannot exist without sound money, it can do without predatory government.
Bob is joined by guest Peter St. Onge to discuss how SVB's CEO, as well as Bernie Madoff, had key positions advising the Fed and SEC.
Like the arsonist who then heroically fights the fire he set, the Fed is increasing its efforts to bail out banks both at home and abroad. This does not end well.
Jeff and Bob walk through the mechanics of how a full reserve bank could work in a truly free market based on the concepts and taxonomy of Mises’s Theory of Money and Credit.
Mark looks at the impact of hyperinflation in Zimbabwe, where the government's monetary policy is manifesting itself in some interesting ways.
Ryan and Tho welcome Peter St. Onge to discuss the political response to the recent turmoil in the banking system.
The F.A. Hayek Memorial Lecture, sponsored by Greg and Joy Morin.
Even if Powell is sincere in this stated desire to slay inflation with more rate hikes, recent bank failures will put the Fed under enormous pressure to end its rate hikes and to once again embrace easy money to save the banks and Wall Street.