by Thomas Sowell. 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 release of the Federal Reserve Board’s transcripts of its deliberations back in 2007 shows that their economic prophecies were way off. How much faith should we put in their prophecies ... MORE
Showing posts with label monetary. Show all posts
Showing posts with label monetary. Show all posts
The Federal Reserve: Promises vs Track Record
by Thomas Sowell. 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 release of the Federal Reserve Board’s transcripts of its deliberations back in 2007 shows that their economic prophecies were way off. How much faith should we put in their prophecies ... MORERick Ungar: The Prospect Of A Cashless Society Contemplating Ultimate Surrender To Government Control
Government's end game. Denmark, known to be the “happiest” nation on the planet, has a long and storied history of providing its citizens with a strong social safety net—a system designed, in the words of the nation’s official website, to provide its people with “the necessary material framework for living a reasonable life.” Yet, a ... MOREU.S. Economic Growth Nearly Grinding To A Halt
by Chico Harlan. The U.S. economy ground nearly to a halt in the first three months of the year, according to government data released Wednesday morning, as exports plunged and severe winter weather helped keep consumers indoors. The gross domestic product grew between January and March at an annualized rate of 0.2 percent, ... MOREDo We Want High Prices Or Low Prices?
by Fernando Herrera-Gonzalez. Prices should be signals, not manipulations. In an almost daily debate over economic and monetary policy
politicians complain if prices — such as home prices — do not rise, and
some complain if they think other prices — such as health care prices —
are going up too much. This situation begs the question: ... MOREPeter Schroeder: Yellen Strongly Opposes Audit Of The Fed
Keeping us peons in the dark. Janet Yellen made a lengthy case Tuesday against legislation to “Audit the Fed.” Yellen
argued that legislation offered by Sen. Rand Paul (R-Ky.) would make
the Fed less effective and, as a result, harm the U.S. economy as well. “I
want to be completely clear that I strongly oppose ‘Audit the Fed,’”
she ... MORETyler Durden: Alan Greenspan Is Warning Of A Significant Market Event; Predicts Gold To Go Measurably Higher
"Something big is going to happen." With the Federal Reserve printing trillions upon trillions of dollars to keep the economic system afloat, many investors and financial pundits have surmised that the fundamental economic problems facing the United States during the crash of 2008 have been resolved. Stocks are, after all, at historic ... MOREJeffrey Rogers Hummel: How The Fed Got Huge
Financial crisis changed the nature of central banking. Before he became chair of the Federal Reserve, Ben Bernanke agreed with the free market economist Milton Friedman that central bank policy played a key role in making the Great Depression the most severe in U.S. history. But the two parted ways on the reason why. And that ... MORECongress Poised To Order Audit Of Federal Reserve
by Stephen Dinan. Rand Paul takes on his dad's cause. After years of being blocked by Democratic leader Harry Reid, the Senate will finally get a chance next year to vote on legislation to force a broad audit of the Federal Reserve’s decision-making. Once championed in Congress by former Rep. Ron Paul, the push to force the country’s central ... MOREWe're Number 2! China Tops America As Largest Economy
by Brett Arends. Another dividend of hope and change. Hang on to your hats, America. And throw away that big, fat styrofoam finger while you’re about it. There’s no easy way to say this, so I’ll just say it: We’re no longer No. 1. Today, we’re No. 2. Yes, it’s official. The Chinese economy just overtook the United States economy to become ... MORE
Why The Founders Didn’t Give Us A Democracy
by Keith Weiner. As the famous story goes, when Ben Franklin left Independence Hall after the Constitutional Convention in 1787, Mrs. Powel of Philadelphia had a question she wanted answered. “Well Doctor, what have we got, a republic or a monarchy?” Franklin replied, “A republic, if you can keep it.” No one today (well, seemingly ... MORELiberty And Wealth Require Strong Money
by Daniel Oliver Jr. Conservatives hold that wealth and liberty correlate. This proposition was self-evident in the context of the Cold War and remains true today. It is the reason China cannot surpass the West in terms of wealth creation (contrary to the hysterics emanating from The Economist): a repressive country that continues to ... MOREKeith Weiner: Oklahoma Moves Towards the Gold Standard
Sound money legislation. There is strong opposition to any proposal to end the Federal Reserve and move away from its paper dollar. The Fed has many ideological and, of course, crony supporters. So it’s interesting that there was little controversy in Oklahoma around removing one of the obstacles to the use of gold as money. Republican Mary ... MOREVIDEO: Government's War On Living Standards
Peter Schiff compares earnings and purchasing power from 1947.
John Stossel: Bitcoin Revolution
Why Stossel chose to invest. The big online retailer Overstock.com now accepts payment in Bitcoin. That's good news for lovers of liberty because Bitcoins give us an alternative to government-controlled money. Bitcoins are a currency created by anonymous, private tech nerds, not by government. Governments don't like ... MORE
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