The Fed

There is trouble lurking in each of the book’s four chapters. The text gets off on a wrong foot as Bernanke overviews the origins and purposes of the Fed.

The Fed and the Treasury are betting on the fact that the dollar will remain the world’s reserve currency forever, and that the US can inflate with

The Fed does not produce work or items of value.

Protectionism harms US consumers by taking away options they prefer (and patriotism does not justify helping some American producers beggar American consumers).

Last week’s decision by the ECB to cross the border into negative territory marks a historic event and shows just how far central banks are willing to go to destroy the global economy.

Banking in its current form is not capitalism.

The Haven has posted the following poll question:

Volume 16, Number 4 (Winter 1996)

Austrians have demonstrated that recessions—and depressions—are the inevitable result of central bank intervention in the economy. 

Volume 20, Number 2 (Summer 2000)