The Fed Wanted Inflation, Now They Have No Idea What to Do
Ryan McMaken and Tho Bishop take a look back at previous statements by current members of the Fed.
Ryan McMaken and Tho Bishop take a look back at previous statements by current members of the Fed.
The world is in chaos, so politicians MUST do something. Hence, they demand autarky, which is like attempting to put out a fire by pouring gasoline on it.
Recorded in Birmingham, Alabama, on April 2, 2022.
Bob completes his series on the elites who are literally trying to take over the world.
Ukraine should have been a middle-income country by now. Instead, it is one of the poorest in Europe. If Ukraine joined the EU, it would be the poorest country and well below even Bulgaria.
Despite assurances from politicians and the media, the Federal Reserve System is not a collection of geniuses who stand guard against inflation and recession. Instead, think of the Fed policy makers as the Keystone Cops of central banking.
It is theoretically possible that through huge gains in productivity, the US could escape inflation and stave off a recession. But don’t count on it.
Europe wants cheap and abundant energy, but politicians demonize nuclear, gas, and oil. All the interventionist proposals that are put forward by European politicians entail a higher cost for long-suffering consumers.
Do the low inflation rates mean that the purchasing power of Japanese and Swiss citizens has increased relative to other countries over time? The answer seems to be no.
The states of Europe have more than enough wealth and military potential to deal with a second-rate power like Russia. The American taxpayers, on the other hand, deserve a break from Europe's grifting.
Rothbard the historian explained so well how the true progressive goal was always to remake America domestically by promoting war.
The usual "experts" claim inflation is a general increase in the price level. Wrong. Prices rise because of inflation, which is a government-caused increase in the amount of money in circulation.
Some blame high prices, wages, the Ukraine war, or the weak recovery. The fact is currency destruction is at the heart of generalized price rises everywhere.
Those responsible for locking down much of the US during covid blame the pandemic itself for the economic and social havoc that followed. Perhaps they should look at the lockdowns themselves.
Jeff and Bob discuss whether America has its own oligarchs instead of what Hoppe terms "natural elites."
Lenin called World War I a war among the capitalists of Europe. He was wrong. It was a war among oligarchs, statists who extract wealth from legitimate economic activity at the barrel of a gun.
Ryan McMaken and Tho Bishop mock the self-awareness of beltway foreign policy experts.
Jeff talks to Keith Weiner of Monetary Metals about why gold still plays a major role in the global economy.