Keynesians use a very narrow definition of inflation, but if we have a better and broader understanding of prices and money, we can see that asset-price inflation is all around us. The Fed is doing nothing to help the situation, and is only helping perpetuate a bubble.
Deflation serves as the theoretical justification of every inflationary action taken by the Federal Reserve and central banks around the world.
The Fed has painted itself into a corner. There is no way that the nation can avoid either a recession or the collapse of the value of the dollar. We should prefer the recession, then insist on an end to monetary expansion, regardless of the howls from the politicians.
Interviewed by host Alan Butler, Mark Thornton discusses the first three central banks in the United States.
Interviewed by Merlin Rothfeld and John O’Donnell, Shawn Ritenour explains the truth behind the government’s economic data and the curr
Like Alan Greenspan before him, Ben Bernanke now collects huge fees for public speaking engagements.
