Federal Reserve

Is Scott Sumner “the NGDP Guy”?

Tuesday, November 25th, 2014 by posted in Economics.
Real Fed Funds

In a recent post at EconLog, leading Market Monetarist Scott Sumner complained that he had been pigeonholed: I was recently reading a new book on monetary policy alternatives, edited by Larry White. One thing I noticed was that when my

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Yellen and Pope Francis vs. Pareto

Friday, November 7th, 2014 by posted in Banking, Economics.
yellen1_teaser

Reprinted from Casey Research “The extent and continuing increase in inequality in the United States greatly concern me,” Fed Chairwoman Janet Yellen said last week at a conference on economic opportunity and inequality sponsored by the Federal Reserve Bank of

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In Defense of Peter Schiff

Thursday, November 6th, 2014 by posted in Banking, Capitalism, Economics.
In Defense of Peter Schiff

The financial television channel CNBC has hit hard times. Nielsen ratings show the network’s viewership is at a 21 year low. This is a far cry from two decades ago. The dot-com bubble of the late 90s and early aughts

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QE’s Seeds are Already Sown

Thursday, October 30th, 2014 by posted in Banking, Capitalism, Economics.

The Federal Reserve has finally ended its quantitative easing programs. Since the financial crisis of 2008, the Fed has pursued what seemed like an endless policy of asset purchases. As recently as September 2008 the monetary base in the US

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Dudley the Dud

Wednesday, October 29th, 2014 by posted in Banking, Capitalism, Economics.
Dudley+lecture

Six years after the financial crisis rocked the world economy, it’s a safe bet to say the Federal Reserve will never take responsibility for the debacle. And why should it? To both mainstream pundits and academics, the Fed saved the

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The Fed: Strangling the Saving Ethic and Values

Monday, October 27th, 2014 by posted in Banking, Capitalism, Economics.
bank-teller_teaser

Reprinted from Casey Research Saving was once drummed into our heads as the prudent thing to do. How many times did you hear, “A penny saved is a penny earned”? Now some argue it’s not worth anyone’s time to pick

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Monetary One World Order

Monday, October 6th, 2014 by posted in Banking, Capitalism, Economics.
yellen_teaser

Reprinted from Casey Research When you mumbled the Pledge of Allegiance in grade school, you likely didn’t think you’d grow up to be taxed to death and a pawn in central-banker economic chess games. If you’re old enough, the dimes

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The Fed vs. Praxeology

Thursday, October 2nd, 2014 by posted in Banking, Economics.
federal_reserve1_teaser

Reprinted from Casey Research Janet Yellen must feel like she’s herding cats. The Federal Reserve is keeping interest rates at zero, thinking the common man and woman will spend money or buy stocks. Dr. Yellen wants us all to get

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Century of Enslavement: The History of The Federal Reserve

Wednesday, October 1st, 2014 by posted in Banking, Capitalism, Economics.
Century of Enslavement: The History of The Federal Reserve

What is the Federal Reserve system? How did it come into existence? Is it part of the federal government? How does it create money? Why is the public kept in the dark about these important matters? In this feature-length documentary

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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.
rsz_janet-yellen

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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