Monetary Policy
Should the US Congress Audit the Federal Reserve?
Nearly two decades ago, Congressman Ron Paul identified his campaign with the call to "audit the Fed." Congress ignored him then, but the movement to examine and demystify the Fed now is growing.
Does the Balance of Payments Determine Exchange Rates?
Some economists believe that the balance of payments is what determines currency exchange rates. In fact, exchange rates are always about the purchasing power of some currencies relative to others.
Washington’s Planned Theft of Credit Card Benefits
Congressional Democrats are trying to intervene in a complex and varied market they know little about but that consumers navigate without need of help. This will not end well.
Does the Balance of Payments Determine Exchange Rates?
Some economists believe that the balance of payments is what determines currency exchange rates. In fact, exchange rates are always about the purchasing power of some currencies relative to others.
Bank Crises and the Interventionist Spiral
As the US banking system becomes increasingly unstable, the calls proliferate for even more government intervention into banking and finance. People forget that it was government intervention in the first place that caused these crises.
The Fed Claims the Banking System is “Sound and Resilient.” The Banks’ Balance Sheets Say Otherwise
In a recent statement, the Federal Reserve declared that US banks are "sound and resilient," but a lot of markets, including real estate, testify to a very different situation.
Government Banks Would Be a Dangerous Tool for Progressive Ideologues
Congresswomen Rashida Tlaib and Alexandria Ocasio-Cortez have introduced legislation to create government-owned banks, ostensibly to “increase accountability.” In truth, the banks would exist to fund progressive causes.
Bastiat versus MMT
One doesn’t need to search modern economic literature to take on the MMT crowd. Just read Bastiat.
