Money and Banks

After more than a decade of monetary stimulus fueling elevated asset valuations and incentivizing an enormous leveraged bet on risk, a soft landing is impossible.

Skyrocketing asset prices are great for hedge fund managers and Wall Street types, but they increasingly drive ordinary people into unsustainably large amounts of debt.

Bob Murphy and Ross McKitrick discuss the government policies, Fed actions, and banking movements that lead up to the 2008 crisis, and why the current economic situation is different. 

Ignorant politicians who create no wealth can only impede great visionaries like Henry M. Galt from creating wealth with monetary chicanery, antitrust litigation, labor laws, and other regulatory measures.

Instead of “respecting the Fed’s independence,” President Biden should work with Congress to audit, then end the Fed.

The Federal Reserve continues the proud Greenspan tradition of obfuscation and confusing language to describe its reckless actions.

Jeff and Bob discuss a recent interview with IMF economist Manmohan Singh in the context of central banks co-opting digital technology for bad ends.

Recorded in Orlando, Florida, on May 14, 2022.

Recorded in Orlando, Florida, on May 14, 2022.

Most people—and especially most economists—not only are ignorant of what money actually is, but how and why it became part of our economy in the first place.