When LBJ Assaulted a Fed Chairman
Naturally, Fed chairmen claim they are never influenced by politicians who threaten them. But it would by naïve to take this at face value.
Money and Banking
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British Left Unveils Plan to “Weaponize” the Bank of England
The Labour Party wants the Bank of England to actively promote certain industries over others, not realizing that the Bank has already been doing this indirectly for decades.
Trump’s Tweets End the Myth of Fed Independence
The Federal Reserve is not politically independent — and it never was.
British Left Unveils Plan to “Weaponize” the Bank of England
The Labour Party wants the Bank of England to actively promote certain industries over others, not realizing that the Bank has already been doing this indirectly for decades.
All Is Not Well In Financial Markets
As investments — previously thought to be profitable — turn out to be flops, firms will start liquidating unfinished projects and layoffs will begin.
Saving, not Technology, Is the Key to Economic Growth
The real impediment to economic growth has been the relentless central bank tampering with financial markets.
Venezuela Turns to Barter
As planned by Chavez, barter is indeed replacing currency transactions throughout the economy but with hardly the results the late socialist envisioned.
