The Fed

Economists and pundits mistakenly call the Federal Reserve System's security holdings a portfolio. It is anything but.

Will the Fed be successful with its "Immaculate Disinflation"?

While President Joe Biden's White House continues to give happy talk about the economy, some major economic storm clouds are brewing. The future does not look good.

What at first seem like gifts from the state (handouts for some at the expense of others) lead to unfortunate events that cannot be stopped once begun.

Ryan McMaken and Tho Bishop discuss Jay Powell's exercise in Fed-speak this week.

Government interference into money creation and production harms the economy in a number of ways, including skewing the organization of division of labor.

Fiat money is the fuel of the modern Leviathan state. If we wish to have freedom, we must have sound money.

Does cheap money and credit make us richer? Does more money and credit create more stuff, or better stuff? Do they make us happier and more productive? Or do these twin forces actually distort the economy, misallocate resources, and degrade us as people? These are the fundamental questions that Jeff addresses.

The Fed is insolvent, and that means that it will bail itself out by printing money. For ordinary people, that means inflation and a rising cost of living. 

What happens to a society when spending is encouraged and saving is for chumps?