Monetary Policy

Mainstream economists believe that central banks can “control” inflation, which they believe actually boosts the economy. The only thing inflation boosts is more inflation.

For the past few years, we have seen claims that the BRICS countries were going to develop a gold-based trading currency and push the dollar from its reserve currency perch. However, none of the economies of these countries can operate with a currency as good as gold.

Willie Sutton was a famous bank robber. The late Alan Greenspan used banks and the monetary system to take infinitely more money from Americans than Sutton ever stole.

Many economists believe that expanding the money supply helps create and facilitate economic growth. That is not the case.

Bob sits down with fund manager and author Larry Lepard to discuss his book The Big Print, which argues that the core problem with modern America is not corporate greed or partisan politics, but a monetary system deliberately structured to benefit those closest to the Fed.

Yogi Berra, Hall of Fame catcher with the New York Yankees, used to say, “Always go to other people’s funerals.

The velocity of money doesn’t have a life of its own. It is not an independent entity and, hence, it can’t cause anything. Contrary to popular thinking, money does not circulate. Money always belongs to somebody.

Alexander Salter and Joshua Hendrickson argue that the Fed's actual institutional role is to backstop U.S. dollar hegemony.

One must ask the decisive question: if fiat money is genuinely superior, why would coercion be required to impose it upon those who would supposedly benefit from its existence?

Mainstream economists believe that if government increases spending and injects new money into the economy, then productive wealth will follow. Austrian economists would like to differ.