One of the most dishonest headlines of the week goes to CNBC : Fed expects banking crisis to cause a recession this year, minutes show CNBC absolves themselves by citing that this was said in the Fed minutes , yet it does raise some interesting considerations, the idea that the upcoming recession will be due to a banking crisis. Market contacts
It’s sad and laughable, unreal, but not surprising; it didn’t make headlines but should have been front page news. Earlier this month the Federal Reserve released a one-page document called the Statement on Longer-Run Goals and Monetary Policy Strategy . Deception is easy to spot when the most basic inquiry illuminates falsehoods being implemented
That was fast! While Lael Brainard has been on the Federal Reserve Board since 2014, she’s only held the position of Vice Chair since last May. Her Valentine’s Day resignation was quite surprising. Most people would be unfamiliar with her. Only those who take interest in the Fed’s affairs could recognize her, and even those people, like myself,
Look at this chart . What do you see? Now this chart? And this chart, what type of thoughts come to mind? The above images show the same thing, the Fed’s balance sheet, the only difference is the time frame (from 2007, 2018, and 2022 until today). Looking at the charts, I see inflation in its historical definition, being the expansion in the
As a black man, this bothers me, and I hope anyone who loves freedom and liberty feels the same. Last week, in celebration of Black History Month CNBC continued with its “ Invest in You ” series: featuring weekly stories from CNBC contributors and members of the Financial Wellness Council , including the lessons they’ve learned growing up, their
The Federal Reserve set the tone for 2021 with the release of the year’s first Federal Open Market Committee (FOMC) meeting minutes last Wednesday. With the national debt approaching $28 trillion and covid still not eradicated, there appears to be no intention of ending accommodative policies any time soon. However, the Fed still has a way of
It’s almost as if Federal Reserve governor Lael Brainard read the February 11 Mises article “ The Fed and ‘Maximum Employment’ “ and then rebutted with a class lecture at Harvard two weeks later. Whereas the Mises article starts by cautioning that maximum employment is used to justify the state’s interventions in our lives, the governor starts her
The money supply is a vital part of the economy, yet seldom understood. Still both nebulous and contentious, the “M2 Money Stock” remains the most popular and broadest measure of money, now standing at $19.3 trillion . It’s understandable for the average person to not know much regarding its importance, but what excuse does the Chair of the
This month marks the anniversary of the pandemic induced stock market crash, inducing government launched emergency credit facilities, aided by the Fed who announced it would purchase: Treasury securities and agency mortgage-backed securities in the amounts needed to support smooth market functioning and effective transmission of monetary
The dealings of the Bank of Japan (BOJ), creating a stranglehold on the Japanese market, reads like a cautionary tale for economists. The bank recently recorded a $130 billion USD profit! On the surface it sounds incredible. Yet, despite this newfound wealth for the BOJ, it seems the economy continues to struggle. Wall Street Journal reports:
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.