The Fed

Like the arsonist who then heroically fights the fire he set, the Fed is increasing its efforts to bail out banks both at home and abroad. This does not end well.

Mark looks at the impact of hyperinflation in Zimbabwe, where the government's monetary policy is manifesting itself in some interesting ways.

Jeff and Bob walk through the mechanics of how a full reserve bank could work in a truly free market based on the concepts and taxonomy of Mises’s Theory of Money and Credit.

Ryan and Tho welcome Peter St. Onge to discuss the political response to the recent turmoil in the banking system.

The F.A. Hayek Memorial Lecture, sponsored by Greg and Joy Morin.

Even if Powell is sincere in this stated desire to slay inflation with more rate hikes, recent bank failures will put the Fed under enormous pressure to end its rate hikes and to once again embrace easy money to save the banks and Wall Street. 

Welcome to Whose Economy Is It, Anyway?, where the rules are made up and the dollars don’t matter. Or at least that seems to be the view of the Yellen regime.

Federal authorities want us to believe that by bailing out Silicon Valley Bank, they have prevented a financial crisis. Instead, we will have a crisis with bailouts.

Mark explains why SVB Bank and Signature Bank failed, and why it was bound to happen. 

The current job market strength partly reflects the ongoing monetary overhang from years of breakneck growth in money-supply inflation. The $6 trillion in money that was newly created since 2020 is still very much a factor.