Federal Reserve

Richmond Fed President See Fed as the Problem

Monday, September 8th, 2014 by posted in Banking, Economics.

How large a problem is moral hazard caused by the Fed helping out troubled bank during financial crises? Pretty large, at least according to Jeffrey Lacker, President of the Federal Reserve Bank of Richmond. One argument for central bank credit

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Easy Money Blood Thinners

Monday, July 28th, 2014 by posted in Banking, Capitalism, Economics.
Lehman Brothers fascia goes on sale at Christie's

Reprinted from the Pembroke Observer Since the collapse of Lehman Brothers investment bank in 2008, central banks around the world have created trillions of additional dollars, yen, euros and renminbi. In the immediate aftermath of Lehman’s bankruptcy other banks, unsure

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Central Planning by Central Bankers

Monday, July 7th, 2014 by posted in Banking, Capitalism, Economics.
federalresrve teaser

Reprinted from GaryNorth.com One of the problems that anyone who is critical of the Federal Reserve System faces is the fact that he is regarded as someone without any expertise in the area of money and banking. In a 2009

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Asset Bubbles Aren’t Yellen’s Problem

Thursday, July 3rd, 2014 by posted in Banking, Economics.

Speaking at an IMF sponsored event, Fed Chairwoman Janet Yellen warned of growing risk factors in several asset classes. Unfortunately, she doesn’t see the most aggressive monetary policy in American history as the cause. Analysts said Yellen was pushing back

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It’s Official – German Gold is Staying in New York at The Federal Reserve

Wednesday, June 25th, 2014 by posted in Uncategorized.

Republished from Liberty Blitzkrieg Michael Krieger | Posted Monday Jun 23, 2014 at 10:58 am *Update: A couple of people have made a stink about this post claiming that it is misleading because the prior agreed upon repatriation schedule has not actually changed. That said, anyone

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End QE and Pop the Stock Bubble

Tuesday, June 24th, 2014 by posted in Economics.

Writing in the Financial Times this weekend, John Authers is concerned with the lack of volatility in the stock market. More remarkable than the market’s level has been its consistency. The US not seen a correction (a top-to-bottom fall of

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The Fed Won’t Let the Economy Heal

Tuesday, June 17th, 2014 by posted in Banking, Capitalism, Economics.
janetyellen teaser

Reprinted from Mises.org Most commentators are of the view that the massive monetary pumping of the Fed during 2008 prevented a major economic disaster. The yearly rate of growth of the Fed’s balance sheet jumped from 3.9 percent in January

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The Demise of the Dollar

Friday, May 23rd, 2014 by posted in Banking, Capitalism, Economics, History.
dollar printing teaser

Reprinted from the Pembroke Daily Observer Over twenty years ago, while walking the streets of Saigon, Vietnam, I came across an elderly drinks seller who surprised me by pulling a sizeable wad of US dollars out from underneath her blouse in

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The Folly of Government Bank Regulation

Monday, May 19th, 2014 by posted in Banking, Capitalism, Economics, Regulation.
VA/DOD Response to Certain Military Exposures

Nothing gets the liberal press’s pom-poms twirling like the threat of bank regulation. Ever since the financial crisis in 2008 and subsequent bailout of Wall Street, progressive pols have had their sights set on the banking class. The animosity makes

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Janet Yellen on Bubbles, Bailouts, and the Fed

Tuesday, April 8th, 2014 by posted in Banking, Economics.

Transcribed from Janet Yellen’s Exclusive Interview Was the Federal Reserve justified in bailing out the entire financial system in 2008-9? This is why the Fed was originally set-up in 1913. It is to provide liquidity to the financial system as a

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Central Banks Extend Their Reach as Bureaucratization of Markets Continues

Tuesday, April 1st, 2014 by posted in Banking, Capitalism, Economics.
fed teaser

Reprinted from DetlevSchlichter.com The twentieth century witnessed the shift from the classical order of free markets and hard, non-political money – epitomized by the gold standard – to fully elastic money and credit markets under the control of state central banks.

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Fiat Money and Business Cycles in Emerging Markets

Friday, March 28th, 2014 by posted in Banking, Capitalism, Economics.
world-currency teaser

Reprinted from Mises.org After the stock market collapse of 2008 and a decline of 3.4 percent for U.S. GDP in 2009, investors rushed to stash funds in emerging markets (EM) where economies were growing at a 3.1 percent annual rate.

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Keynesian Myths and The Triumph of The Warfare State

Thursday, March 27th, 2014 by posted in Banking, Economics, History.
federal reserve teaser

Reprinted from LewRockwell.com Presentation by David A. Stockman to The Committee for the Republic, February 11, 2014 Flask in hand, Boris Yelstin famously mounted a tank outside the Soviet Parliament in August 1991. Presently, the fearsome Red Army stood down—an


Requiem for a Bernank

Tuesday, February 11th, 2014 by posted in Banking, Capitalism, Economics.
bernanke teaser

Ben Bernanke´s tenure as, arguably, the most powerful man in the world came to an end on 3 February, 2014. For the past eight years, “the Bernank” as he affectionately came to be called, steered the world´s largest economy through

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Fake It ‘til You Make It

Friday, February 7th, 2014 by posted in Banking, Capitalism, Economics.
Federal_Reserve teaser

Reprinted from BryceMcBride.com If you look at the headlines, it appears as though the global economy is well on the road to recovery. The American stock and bond markets are at all-time highs which would seem to indicate that investors

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The Wolves of Constitution Ave.

Wednesday, February 5th, 2014 by posted in Banking, Capitalism, Economics.

Leonardo DiCaprio has been lambasted for romanticizing the life of the real-life “wolf” he recently won best actor for at the Golden Globes. Jordan Belfort, the founder and president of New York investment banking firm Stratton Oakmont, conned small-time investors

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Reserves as an Important Barrier to Bank Credit Expansion

Tuesday, January 14th, 2014 by posted in Banking, Capitalism, Economics.
banking-jobs teaser

There are many limitations to the extent to which banks can expand credit. The main ones are (1) the limitation imposed by required reserves, (2) the limitation imposed by capital leverage ratios, and (3) the limitation imposed by liquidity requirements.

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Less Inflation, Not More

Thursday, December 26th, 2013 by posted in Banking, Economics.

Amongst other things, inflation is a form of taxation. As prices rise the purchasing power of savings falls. As a consequence, savers are harmed while creditors gain by having to repay their debts with less valuable money than when they

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Janet Yellen, the “Pink Dream,” and a Coming Economic Nightmare

Monday, December 16th, 2013 by posted in Banking, Capitalism, Economics.
yellen teaser

Reprinted from Mises.org On Monday, former Fed official Andrew Huszarpublicly apologized to the American public for his seminal role in executing the Quantitative Easing (QE) program, a program he characterizes as “the greatest backdoor Wall Street bailout of all time,” and

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Has the Fed Met Its Match?

Wednesday, December 11th, 2013 by posted in Banking, Capitalism, Economics.
bitcoin dollars teaser

Reprinted from Laissez Faire Today Now, this is sheer entertainment. The Chicago branch of the Federal Reserve has addressed the great monetary question of our day. A researcher has taken a detailed look at the prospects for market-based crypto-currency, with a special

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