Federal Reserve to keep adding stimulus. Three more Federal Reserve officials reaffirmed Friday that the central bank does not want to take away monetary stimulus too soon, counter to the impressions left by Chairman Ben Bernanke’s press conference last week. The Fed “is not only leaving the punch bowl in place, we’re continuing to spike the ... MORE
Showing posts with label monetary. Show all posts
Showing posts with label monetary. Show all posts
Joseph Lawler: The Money Printers To Work Overtime
Federal Reserve to keep adding stimulus. Three more Federal Reserve officials reaffirmed Friday that the central bank does not want to take away monetary stimulus too soon, counter to the impressions left by Chairman Ben Bernanke’s press conference last week. The Fed “is not only leaving the punch bowl in place, we’re continuing to spike the ... MOREDavid 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 ... MORERobert Higgs: Don't Rely On A Quack Doctor
Some prescriptions can have adverse actions. A man goes to his doctor for a routine checkup. The doctor performs a perfunctory examination and informs him that unless he receives an experimental treatment the doctor has devised, he will soon become disabled. “What’s it cost, Doc?” the man asks. “Well, unfortunately it’s not cheap, ... 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
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 ... 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 ... MOREThomas Sowell - Fiscal Cliff Notes - Part II
Anything to expand the size and scope of government. One of the big advantages that President Obama has, as he plays "chicken" with the Congressional Republicans along the "fiscal cliff," is that Obama is a master of the plausible lie, which will never be exposed by the mainstream media-- nor, apparently, by the Republicans. A key lie that ... MOREThomas Sowell: Fiscal Cliff Notes
Like a laser cutting through fog. Amid all the political and media hoopla about the “fiscal cliff” crisis, there are a few facts that are worth noting. First of all, despite all the melodrama about raising taxes on “the rich,” even if that is done, it will scarcely make a dent in the government’s financial problems. Raising the tax rates on everybody in the ... MOREKatie Kieffer: Push The Fed Over The Cliff
Stop worrying about the ‘fiscal cliff.’ Spending cuts would feel
therapeutic after watching Standard & Poor's and Egan-Jones
downgrade our credit rating and seeing President Obama add $6 trillion
to the national debt. The way to avert another recession and massive
inflation is to eliminate the unconstitutional Federal Reserve. There are ... MORECheck Out The Drastic Price Increases On These 21 Items
It's not just gas! Tuesday’s presidential debate touched on some massive economic issues
that are affecting all Americans. The immense increase in gas prices was
a crucial part of the discussion, but have other everyday products seen
a drastic increased in price over the same time period? According to
Blaze research on data provided by the ... MORE
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