Some economists fear that excessive government debt will lead to an economic crisis and recession. However, the real threat to the economy is Federal Reserve-supported fractional reserve lending that helps to set off an unsustainable boom.
Austrian economists agree that ending the Federal Reserve System would be a major step forward in reclaiming sanity in government spending and bolstering the US economy. Here is one plan to make ending the Fed a reality.
Our current paper fiat money system comes from a long process of building up state power that destroyed private money, ended truly private banking, and abolished the market system of competing currencies. It took 300 years, and we are now facing the inflationary results.
Although tariffs and other issues are getting the most news coverage, a harbinger of recession is looming: the slow collapse of commercial real estate values. This is the result of reckless policies at the Federal Reserve and the Fed cannot fix it.
Thanks to the reckless policies of the Federal Reserve, businesses are now facing the realities of an economy ravaged by inflation. Look for more signs that say “Closing.”
Ryan McMaken and economist Jonathan Newman look at the government's alleged $750 billion gold reserve, how it got there, and why it's time to privatize the gold.
As Elon Musk and his crew scour the federal government to see what needs to be culled from the herd, there is an obvious agency that cries out for elimination: the Federal Reserve System.
Does the US government need a gold reserve? No, it doesn't. The government's gold is basically an emergency slush fund for elites to use to preserve their political power.
Should we audit the US gold hoard? First, let's take a look at what the official numbers say about how big the US gold reserve is, where it is located, and how much it is worth in US dollars.
More than a century ago, Congress created the Federal Reserve System to intervene in the American economy. Not even the biggest critics of the central bank‘s formation could have predicted the economic disasters it brought about.
