What Will the Fed Do After the Election?
In a move that surprised exactly no one, the Fed's Federal Open Market Committee yesterday announced it would take no action.
In a move that surprised exactly no one, the Fed's Federal Open Market Committee yesterday announced it would take no action.
Central bankers keep suggesting the economy is weak because there is too much saving. The real reason for the weak economy is too much money production.
As free-floating fiat money, the major currencies of the world are locked in a complex game of relative devaluation and manipulation.
The federal government is again trying to take free choice away from borrowers by imposing new regulations on short-term loans like payday lending.
Some inflation hawks are beginning to speak up at the Fed. But will they be enough to put the brakes on the current easy-money experiment?
Professor Herbener offers a primer on the Fed from an Austrian perspective.
Increasing the money supply leads to many negative effects that are not measured as price inflation in measures like the CPI.
The world monetary order is changing. Slowly but steadily, global trade and currency markets are becoming less dollar-centric.
Far from being neutral, inflation leads to changes in political institutions, and these changes push up unemployment over time.
There are really two types of asset-price-inflation periods. One is the "boom" type, but the other is the current "depression" type.