The Fed

Stated simply, gold-standard proponents seek a dollar that is widely trusted as a constant measure of value. Nothing more. Nothing less.

It will be interesting to see how Trump critics handle Mr. Cain. He has the one quality Elizabeth Warren and other Democrats have chosen to focus on when it comes to a Federal Reserve nominee: he isn’t a white guy.

Pundits are hoping that instead of a crisis, we just get a "global economic slowdown." Given the damage done by central banks, a sustained slowdown would be a best-case scenario.

In this testimony to Congress, Joseph Salerno describes how to fix the problem of fractional reserve banking.

The Fed is prepared to squeeze out what little is left of the free market forces in the debt market. The Fed wants full control so it can do "whatever it takes" to keep interest rates from rising above its very-low targets.

The monetary czars at the world’s central banks are coming to terms with the fact that a no-deal Brexit now seems to be the most likely outcome.

As flaws in the system of fractional-reserve free banking began to appear, private central bank-like institutions known as clearinghouses sprang up, and they helped pave the way for the Fed.

Daniel Lacalle and Jeff Deist discuss the absurd reactions to the Fed's tiny interest rate hikes.

Bob explains the new Fed procedure of "paying interest on reserve balances".

Jeff Deist and Danielle DiMartino Booth discuss Fed Chairman Jay Powell's performance to date and whether Austrians and permabears overestimate the Fed's influence on the economy.