Category Archives: Federal Reserve

The Rule of Fixed Law vs. The Arbitrary Personal Rule of Federal Bankers & Bureaucrats

Lawrence White drills down to fundamentals (pdf): at the core of the “rule of law” concept, as I understand it, is the liberal principle of non-discretionary governance that stands in contrast to the arbitrary or discretionary rule of men in … Continue reading

Posted in Federal Reserve, Rule of Law | 3 Comments

Wealth Destroyed in the Fed Generated Cycle? Trillions.

Having the economics profession in your back pocket?  Priceless. More here.  HT Mises Blog.

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Steve Hanke vs Ben Bernanke & the Fed

Quotable: “During his face time [on national TV Ben] Bernanke explained many things ..  Unfortunately, he did not address my main beef with the bank: that it clings to a flawed inflation-targeting regime with a horrible history of monetary policy … Continue reading

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The Federal Reserve & US History — BS vs Reality

George Selgin weighs in: .. national bank notes had to be backed by government bonds.  That requirement, designed to bolster the Union’s finances while the [civil] war raged on, proved disastrous afterward, when government surpluses led to a halving of … Continue reading

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George Selgin & Peter Schiff on The Federal Reserve

George Selgin speaks at 10:40 into the video and Peter Schiff begins at 25:55 into the video. BONUS:  Peter Schiff was right, and Ben Bernanke was wrong, wrong, wrong.  So, which one studied Hayek?  And which one was reading out … Continue reading

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bust: “It Really Is All Greenspan’s Fault”

Susan Lee calls BS on Alan Greenspan, hoisting the Maestro back up on the hook for setting in motion the biggest economic crack-up in a generation.

Posted in Boom & Bust, Federal Reserve | 1 Comment