The Fed

Interviewed by Scott Horton, Mark Thornton discusses why we need to lower the debt ceiling; the dangers of a depreciating dollar; why the NSA’s spy

The dollar is very susceptible to losing its vaunted reserve currency position.

A default on US government debt is no more or less radical than a default on any other kind of debt.

The financial crisis was the consequence of monetary central planning writ large. To avoid future crises, shutter the Fed.

The two largest economic crises in Latin America in the last 60 years occurred after the two largest periods of loose monetary policy by the Fed: 1980 and 2009.

The Fed made a monumental mistake, and does not know how to get out of the trap it set upon itself.

Peter G. Klein presents a Misesian commentary on Federal Reserve chairman Ben Bernanke's recent decision against tapering the Fed's ongoing quantitative easing scheme.

The advances that constitute civilization have resulted from human beings cooperating voluntarily.

The aggressive monetary pumping by the Fed runs the risk that real wealth, the key for economic growth, will become stagnant or start declining.

The Fed decides, through a Politburo of planners sitting in Washington, how much liquidity is necessary and what the interest rate should be.