The Fed

Research is not just the way we add to the body of knowledge left by previous generations, but is also an effective means of engaging and challenging the ideas of mainstream economics.

The Economic Crash that Cured Itself: A Conversation with James Grant about the Depression of 1921.

Ludwig von Mises understood that the unpopularity of taxes tended to limit the extent that governments could spend. But, if governments are freed from needing to raise taxes for revenue, as central banks allow them to do, they are unleashed.

Fed management of the economy and the business cycle has only gotten much worse as it has grown more powerful and destructive. As the Federal Reserve has become more powerful, job losses have generally more severe and the duration of the recovery process has gotten progressively longer.

The most recent job report appears, on the surface, encouraging news for the U. S. economy.

Or Are They Bad For The Economy?

The Economist recently opined that interest rates don’t affect investment.

Household consumer credit continues to explode.

A good sign for the future: Fed economist attacks the Gold Standard.