The Fed

While much attention has been directed toward Ben Bernanke's Nobel, the banking theories of Nobel winners Douglas Diamond and Philip Dybvig also need a second look.

As the inevitable economic downturn becomes more evident, the Fed will attempt to stop deflation. But what this economy needs is a good dose of it.

Home price growth of the sort we've seen in recent years simply cannot be sustained without a continued commitment to easy money from the central bank, and it shows.

While we speak of a desire for honest money, the larger problem is that the Federal Reserve System cannot coexist with an honest money regime.

Government inflation makes people’s responses much more delayed, leaving people’s value adding greatly degraded.

Recorded at the Arizona Biltmore Hotel in Phoenix, Arizona on October 7th, 2022.

This year's trio of Nobel winners in economics are short on actual economics and long on government intervention.

In a free market, short-term and long-term rates would move toward convergence. Fed interference with interest rates ensures that won't happen.

This year's trio of Nobel winners in economics are short on actual economics and long on government intervention.

This is the "American dream" the Fed has given us: work more jobs and longer hours to keep paying those bills that are now growing at 8 percent per year.