The Fed

The recent actions of the Federal Reserve are reminiscent of central bank activities in wartime.

Mark discusses the record levels of credit card debt.

David Brady, Jr. discusses his recent article at mises.org, in which he argues that the newly launched "FedNOW" system isn't a CBDC.

While FedNow seems benign, there is the larger problem of the entire banking system itself being built on a foundation of sand. FedNow can only make that problem worse.

George Gammon warns that the Fed won't have to force the public to adopt a central bank digital currency (CBDC). Instead, the public might clamor for it.

Dr. Jonathan Newman joins Tho to discuss the larger costs of Fed policy and how official government measures can be gamed with techniques such as "shrinkflation."

How can a bank “create money out of thin air”? We must enter the magical kingdom of “fractional-reserve banking,” where deposits are turned into loans, loans are turned into money, and so on, to find out.

With each iteration of the banking crisis, the Federal Reserve System and federal regulators gain in power and authority. Maybe the banking crisis isn’t an accident.

What is the Cincinnatian problem? How to end vast emergency interventions whose day has passed but have become established and advantageous to their constituencies and have increased the power the central bankers enjoy.

Ryan McMaken joins to discuss both the damage done to the economy by runaway government spending, as well as how Federal Reserve policy has incentivized consumption and punished savings, which has resulted in record-high credit card debt.