Think Progress, the hilariously named “progressive” front group for the Democratic Party, recently penned one of the most hysterical pieces I’ve seen. That’s really saying something in our age. The basic theory of the piece is that the Federal Reserve’s
The following is an excerpt from the new book, $10,000 Gold: Why Gold’s Inevitable Rise is the Investors Safe Haven, available in bookstores the week of May 6, 2013. When gold speaks, all tongues are silent. —Robert Ringer —Italian proverb
It’s been over four years since the financial crisis ripped through the American banking system like a viral disease and put the world economy in a coma. From that fateful Autumn when Washington took off the blinds and showed its
When central bankers dedicate their existence to re-inflating asset bubbles, it shouldn’t at all be a surprise to investors that they eventually achieve success. Ben Bernanke has aggressively attempted to prop up the real estate and equity markets since 2008.
Reprinted from TomWoods.com One of Ron Paul’s great accomplishments is that the Federal Reserve faces more opposition today than ever before. Readers of this site will be familiar with the arguments: the Fed enjoys special government privileges; its interference with
Reprinted from Laissez Faire Today Americans today live like there’s no tomorrow. You can see this in the data regarding retirement. People behave like they will never retire, and the prophecy is self-fulfilling. Under these conditions, they won’t. A new
Republished from Mises.org [Excerpted from The Case Against The Fed.] By far the most secret and least accountable operation of the federal government is not, as one might expect, the CIA, DIA, or some other super-secret intelligence agency. The CIA
Listening to popular commentary today, one would be lead to believe the Republican Party is now the political outlet for the hard moneyism of Grover Cleveland. The great prevaricator of economic theory, Paul Krugman, calls the Grand Old Party a
Reprinted from Mises.org In 2009, Lew Rockwell posted this quote of Paul Krugman’s from a 2002 New York Times editorial: To fight this recession the Fed needs…soaring household spending to offset moribund business investment. [So] Alan Greenspan needs to create
Following the lost election of 2012, it has become trendy among American conservative writers to endorse the breaking up of the “big banks.†Which banks are these? They are presumably the few that hold an unseemly majority of federally-insured banking
Reprinted from Mises.org Critics of the Austrian School of economics have been throwing barbs at Austrians like Robert Murphy because there is very little inflation in the economy. Of course, these critics are speaking about the mainstream concept of the
Please, click here to read this article in pdf format:Â January 8 2013 This is my first letter of 2013. I was not able to write earlier as I was travelling in Argentina. The situation there is complex and fluid. It
Reprinted from TomWoods.com This is a long piece, but no longer than strictly necessary. It refutes a few of the most common claims advanced by Greenbackers, opponents of the Fed who believe the solution is to transfer its money-creation monopoly
What is Value At Risk? In the aftermath of the 2008 financial crisis, a myriad of factors leading to the calamity were extensively examined by various public and private entities. It became apparent that some factors had played more of
Please, click here to read this article in pdf format:Â December 18 2012 As anticipated in my previous letter, today I want to discuss the topic of high or hyperinflation: What triggers it? Is there a common feature in hyperinflations that
Back in April, I reviewed a document called the “Financial System Reviewâ€, published semi-annually by the Bank of Canada. Due to the dire warnings contained therein, I thought it necessary to produce a more user-friendly summary of the information the
Click here to read this article in pdf format:Â December 9 2012 Today, I want to summarize what we covered over the year. During 2012, I sought to address both theory and market developments. Under an Austrian approach, I discussed many
Sheila Bair was chairman of the FDIC from June 2006 to July 2011. Her memoirs, Bull by the Horn: Fighting to Save Main Street from Wall Street and Wall Street from Itself, is a fascinating and sometimes frustrating glimpse into
While the failure of fiscal policy is widely recognized, monetary policy still enjoys credibility, not only among policy makers but also with professional economists. Yet deeper investigation shows that monetary policy is like shooting in a dark room. Disaggregating the
The common thread with “peak theories†is that the rate of growth in something (typically output) follows a bell-shaped curve pattern over time where it ultimately runs into a natural constraint that sees this rate peak and then decline. But,
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