The Fed

In a free market, short-term and long-term rates would move toward convergence. Fed interference with interest rates ensures that won't happen.

This year's trio of Nobel winners in economics are short on actual economics and long on government intervention.

This is the "American dream" the Fed has given us: work more jobs and longer hours to keep paying those bills that are now growing at 8 percent per year.

Government inflation makes people’s responses much more delayed, leaving people’s value adding greatly degraded.

Bob and Jeff discuss the nauseating elevation of former Fed Chair Ben Bernanke to Nobel Prize winner.

The standard line is that the Federal Reserve System has two mandates, keep unemployment low and create price stability. Mark Thornton notes that the real agenda is found elsewhere.

Recorded at the Arizona Biltmore Hotel in Phoenix, Arizona on October 7, 2022.

Recorded at the Arizona Biltmore Hotel in Phoenix, Arizona on October 6th, 2022.

The US dollar is not the world's "reserve" currency because of responsibility on behalf of the monetary authorities. Instead, the dollar's "strength" wages from the USA's self-appointed role as the world's protector.

Progressives are fond of telling us that we are under a "social contract" with the government, in effect justifying whatever abuses authorities inflict. Putting up with massive inflation is the latest iteration of this so-called contract.