Showing posts with label monetary. Show all posts
Showing posts with label monetary. Show all posts
Bruce Walker: The Federal Reserve's Century Of Failure
Why no centennial celebration? December 23, 2013 marks the centennial of a disastrous transformation of the American Republic. On December 23, 1913, the Federal Reserve System was created. Woodrow Wilson believed that central planning could make America better. His informal deputy, Colonel House (who was not really a colonel ... MORE
Monty Pelerin: Hyperinflation Is A Political Choice
Markets will stop what politicians will not. The situation with the Federal Reserve (and other central banks around the world) is not very different than what prevailed in the early 1920s and ended in Germany’s horrendous hyperinflation. The notions that “this time is different” or “it can’t happen here” are naive. It is happening ... MORE
J.D. Tuccille: U.S. Slipped In 4 Freedom Rankings This Year
Hope and change has been euphemism for less liberty. It's not yet time to break out the phony passports or head for
the secret compound in the mountains, but the United States is
taking a bit of a drubbing this year when it comes to assessments
of the country's freedom and, more specifically, the direction in
which the government ... MORE
John Stossel: End The Fed
Why should government be allowed to counterfeit? I've always avoided reporting on the Federal Reserve. I know it's more important than much of the stuff I cover, but it's so boring. How can I succeed on TV reporting on the Fed? Fed chairs even work at being dull. Alan Greenspan said he tried to be obscure because he didn't ... MORE
Rand Paul Says He Will Block Yellen Unless Fed Is Audited
by Oliver Darcy. Sen. Rand Paul (R-Ky.) told Senate
Majority Leader Harry Reid (D-Nev.) Tuesday that he will move to block
Dr. Janet Yellen’s nomination as the next Federal Reserve Chair unless
the Senate votes on his legislation which allows the Fed to be audited “I am writing to convey my objection to
floor consideration of the nomination of Dr. ... MORE
Thomas Sowell: A Return To Keynes?
Turning a blind eye to history. The nomination of Janet Yellen to become head of the Federal Reserve System has set off a flurry of media stories. Since she will be the first woman to occupy that position, we can only hope that this will not mean that any criticism of what she does will be attributed to sex bias or to a "war on women." ... MORE
Why Whiskey Was Money And Bitcoins Might Be
by Brian Lasorsa. Currency is a crossroads for many free market advocates. Monetarists, including Nobel laureate Milton Friedman, have long argued in favor of central banks stabilizing price levels. They say the institution would provide a sense of comfort to debtors and creditors wary of inflation. Constitutionalists, albeit embracing a general ... MORE
Zachary Warbrodt: Congress Starts Looking Into Bitcoin
Politicians worried they can't control digital currency. A Senate committee is pressing federal regulators and law enforcement officials to explain how they plan to oversee Bitcoin and other virtual currencies as the issue gains increasing attention from government officials concerned about the role these new markets will play ... MORE
Rand Paul: Milton Friedman And Restraint
The Fed has been and is a failure. Lovers of Big Government and apologists for debt like Paul Krugman have tried to paint Milton Friedman as a contradiction. They say that Friedman’s insight that more Fed intervention might have mitigated the Great Depression is inconsistent with his view that the Depression would have been ... MORE
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 ... MORE
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