The Fed

Bob provides a running refutation of Stephanie Kelton's recent TED talk on Modern Monetary Theory (MMT).

The Fed is backed into a corner. If price inflation continues, the public could demand action and the Fed could be forced to cut back the flow of easy money, which may lead to a depression.

Millions of Americans have no conception of economics, and simply don’t believe tradeoffs exist.

Could progressive pressure, mixed with escalating economic pressure, push White House decision-makers to replace Jay Powell with an advocate of MMT?

Unlike the ongoing price inflation that is typically caused by central-bank expansion of the money supply, the price inflation generated by diminished supplies of goods is a one-shot affair. 

The emergence of global money is going to be the greatest attack on national sovereignty and political self-determination that we have ever seen.

Unlike the ongoing price inflation that is typically caused by central-bank expansion of the money supply, the price inflation generated by diminished supplies of goods is a one-shot affair. 

Scott Sumner explains why interest rates and even monetary aggregates are not good indicators of the stance of monetary policy, whereas NGDP growth is much better.

Jeff Deist and David Gornoski talk about what the average person can do to protect themselves from government interference in the market.

Since the corona panic, the Fed has bought a ton of government bonds, but it's also started buying corporate bonds, has abolished reserve requirements, redefined their M1 measure, and switched to average inflation targeting.