The Fed

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.

Bob continues his 3-part series explaining areas where his views have changed. In this episode, he covers government debt, the Fed being a private corporation, whether nice guys finish last, and mainstream utility theory.

Kennedy and his new brand of economists conducted a relentless campaign for easy money right from inauguration day.

Bob Murphy joins the show to discuss Rothbard's superb and eminently readable money book for lay readers.

Just as kings debased coins to help pay for their wars, the Fed used inflation to help pay for US participation in World War I. It did so by creating and issuing dollars in return for government debt.

End the Fed starts with understanding the Fed, and Rothbard's The Case Against the Fed is vital for any lay reader. Mark Thornton and Jeff Diest examine Rothbard's best book on money and banking.

With a sound money, none of these distortions would have been possible: the limitations of the currency itself would have forced an unwinding of excessive risk far before it could become a clash between major hedge funds and Reddit trolls.

Mises's firm anti-inflation view—and his recommendation for a return to sound money (that is, free market money)—rested on his awareness of the disastrous consequences of an inflationary policy.