U.S. Economy

Sometimes articles are so exasperating there is no sense in even attempting a response, but usually these don’t appear in the

Let us not be swayed by politicians out for power or by reporters out to create news where none exists. Facts and economic logic should prevail rather than rhetoric.

Capitalism should not be condemned, since we haven’t had it. Capitalism presumes sound money, not fiat money manipulated by a central bank.

Presented to the Auburn University Libertarians; Auburn, Alabama, on 14 April 2008.

Just in case you might think that the curbing of free enterprise and individual rights is something new in American history, someone just sent me a

The Federal Reserve System virtually controls the nation's monetary system, yet it is accountable to no one.

So says Mike Whitney, a “well respected freelance writer living in Washington st

Let us say that the present aggressive interest rate stance by the Fed fails to prevent the economy from falling into a recession; what kind of action is Bernanke then going to undertake? In some of his writings, he has suggested that, under such circumstances, the Fed should adopt a very aggressive stance and start pushing money on a massive scale, i.e., helicopter money. Needless to say that if this were to happen, Bernanke would run the risk of badly damaging the foundations of the real economy.

Epstein finds little fault with government's economic numbers and plenty of fault with the reporters and pundits who use those numbers.