The Fed continues to make deficit spending easier. One of the most insidious developments in the economic crisis has been the low-interest-rate environment. Short-term interest rates have been stuck near 0 percent for four years, while long-term interest rates have declined to historically low levels. These low interest rates have created ... MORE
Showing posts with label Federal Reserve. Show all posts
Showing posts with label Federal Reserve. Show all posts
David Beckworth: The Low-Interest-Rate Blues
The Fed continues to make deficit spending easier. One of the most insidious developments in the economic crisis has been the low-interest-rate environment. Short-term interest rates have been stuck near 0 percent for four years, while long-term interest rates have declined to historically low levels. These low interest rates have created ... MOREPaul Craig Roberts: The Assault On Gold
The Federal Reserve's last stand? For Americans, financial and economic Armageddon might be close at
hand. The evidence for this conclusion is the concerted effort by the
Federal Reserve and its dependent financial institutions to scare people
away from gold and silver by driving down their prices. When gold prices hit $1,917.50 an ... MOREHappily Beyond The Days Of Ron Paul's Lonely Crusades
by Nathan Lewis. On March 14, H.R. 1176, the “Centennial Monetary Commission Act of 2013,” was presented in Congress. It has thirteen sponsors. Thirteen is a good number. We are already beyond the days of Ron Paul’s lonely crusades, of only a few years ago. The bill aims to “establish a commission to examine the United States monetary policy, ... MOREThomas Sowell - Can It Happen Here?
Legalized theft in America is more subtle. The decision of the government in Cyprus to simply take money out of people's bank accounts there sent shock waves around the world. People far removed from that small island nation had to wonder: "Can this happen here?" The economic repercussions of having people feel that their money is not safe ... MOREChris Rossini: Rolling Back To That Dreaded Year: 1913
The beginning of the end. In respect to liberty, 1913 was a dark year in U.S. history. Three key pieces of legislation were passed that (now 100 years later) have individual liberty seriously on the rocks. They were: The 16th Amendment, which created the Federal Income Tax, The 17th Amendment, which created the Popular Election of Senators, ... MOREVIDEO: Why The Price Of Everything Is Going Up
The more money put into circulation, the more there is to bid up prices.
Thomas Sowell - Prophets And Losses II
Federally-issued blue smoke and mirrors. People on both sides of tax issues often speak of such things as a "$300
billion tax increase" or a "$500 billion tax decrease." That is fine if
they are looking back at something that has already happened. But it
can be sheer nonsense if they are talking about a proposed increase or
decrease in the tax rate. ... MOREThomas Sowell: Prophets And Losses
Somebody could use a new crystal ball. Now that the federal government is playing an ever larger role in the economy, a look at Washington's track record seems to be long overdue. The recent release of the Federal Reserve Board's transcripts of its deliberations back in 2007 shows that their economic prophecies were way off. How much ... MOREJon N. Hall: A Currency As Good As Gold
The custodians of our currency are abusing it. The nifty thing about a gold-backed currency is: they aren't making any more gold. The alchemists have tried to make the stuff, but have failed. Of course, a currency can be backed by other precious metals, like silver. But the supply of those other metals isn't getting any bigger either. ... MORENathan Lewis: 40 Years Of Floating Money
40 years of the average worker getting poorer. The reason we have floating currencies today is to enable economic management via currency manipulation. Central banks attempt to guide macroeconomic factors like unemployment, economic growth, interest rates, inflation and so forth by jiggering the currency. This idea is very old, ... MORE
Bruce Johnson's Bernanke's Cow Bell In The Night
One thing is for certain: Bernanke is committed. But so is a one-trick pony. However, is blind commitment to a theory a virtue or a frailty? The Federal Reserve chairman continues to push the chips out to the center of the table with both hands. He knows that low interest rates create employment. He is certain. Well, pretty certain. ... MOREThomas Sowell: Taxing The Poor
How the poor are made to pay. With all the talk about taxing the rich, we hear very little talk
about taxing the poor. Yet the marginal tax rate on someone living in
poverty can sometimes be higher than the marginal tax rate on
millionaires. While it is true that nearly half the households in the country pay
no income tax at all, the ... MOREWalter E Williams: Government-Created Financial Crisis
Suppose you saw a building on fire. Would you seek counsel from the
arsonist who set it ablaze for advice on how to put it out? You say,
"Williams, you'd have to be a lunatic to do that!" But that's precisely
what we've done: turned to the people who created our fiscal crisis to
fix it. I have never read a better account of our doing just that than
in John A. ... MORE
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