The Fed
The Pandemic of Executive Overreach Comes to an End. When Will the Next One Begin?
While the covid-19 pandemic brought sickness and death, another pandemic raged through Washington: abuse of executive power.
The Economics of Davos
Jeff and Bob take a look at the misnamed "World Economic Forum" and its conference this past week in Davos.
Mergers, Acquisitions, and Market Manias: The Fed Has Made Things Worse
As the economy begins to slow, the results of the Fed's money pumping are showing up in mergers and acquisitions.
The Fed’s Latest Housing Bubble
After the 2008 housing bust, the government supposedly set up a fail-safe mortgage program aimed at preventing future bubbles. It failed.
Federal Reserve Policies Aimed at Creating Price Stability Bring About Economic Instability
While Fed policies openly try to make prices "stable," the central bank actually is creating economic instability and an impoverished economy.
The Fed Gets It Wrong on Money Velocity, Too
Money velocity's role in forcing up prices is misunderstood because today's monetary "authorities" fail to consider how new money is injected into the economy.
What Happens When Central Banks Attempt to Tighten? Even More Resource Misallocation
Popular economic wisdom says central banks can counter harmful effects of inflation by raising interest rates. Unfortunately, such moves carry their own forms of misallocation of resources and capital.