The Fed

Federal Reserve officials, for all of their alleged wisdom and education, have a knowledge problem. Hayek and other Austrians could have told them their grandiose plans will fail.

It is easy to think of the Fed as a good institution that simply lost its way. In truth, it was a bad idea and a bad institution from its beginning.

Ending the string of economic crises that have occurred the past two decades will happen only when economies can depend upon sound money.

Many investors forget that when the easy money is flowing, financial mediocrities and even outright frauds can be made to look like legitimate geniuses. 

One might assume that new rounds of monetary stimulus will bring new peaks in housing construction, reversing the ongoing housing shortage.  That hasn't happened.

As the economy moves into recession, we should understand how we got there and what is needed to bring about a quick and lasting recovery.

The Federal Reserve has not only mismanaged the US economy; even its own "portfolio" is underwater.

The Act gave the secretary of the Treasury the power to require all individuals and corporations to hand over all their gold coin, gold bullion, or gold certificates if in his judgment "such action is necessary to protect the currency system of the United States."

Jeff and Bob record a special Thanksgiving on what it really takes to fix the US economy. 

The Fed's predictable response to inflation is based on erroneous economic thinking common with Keynesians. Only a free-market approach can reduce inflation and restore true market interest rates.