February Austrian Money Metric: Money Supply Growth Falls to Four-Month Low
In February, the money supply fell slightly, but remains steady thanks to a continued influx of Treasury deposits at the Fed.
In February, the money supply fell slightly, but remains steady thanks to a continued influx of Treasury deposits at the Fed.
In the Fed’s desperation to hold off the coming pain, will Yellen start listening to Ben Bernanke and embrace the absurdity of negative interest rates? We are already seeing the consequences of such policy play out in Switzerland, Germany, and Japan.
The recent FOMC decision on Fed policy going forward was not unanimous. Let's take a look at who voted against the rest of the committee.
Jeff Deist discusses Austrian economics and the bizarre world of negative interest rates.
The Japanese response to negative interest rates was to buy personal safes. The German response is to pull money out of bank accounts and stick it in safe deposit boxes. Both are perfectly understandable reactions to the prospect of having to pay interest to a bank for holding deposits.
We're constantly being told by the mainstream financial media that saving money will destroy the economy. In truth, only saving — which is nothing more than refraining from spending — can repair the damage done by years of easy money and reckless spending.
Many people have figured out that Wall Street and Washington, DC work together to rig the game in Wall Street's favor.
In this interview, Claudio Grass talks to economist and Mises Institute Senior Fellow Thomas DiLorenzo. Dr. DiLorenzo covers central bank monetary policies, Keynesian economics, the economic “recovery,” political correctness, and more.
Back in January, ECB President Mario Draghi doubled down on his earlier commitment to do "whatever it takes" to prop up the European economy with easy money. He wasn't joking.