Category Archives: Federal Reserve
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
Having the economics profession in your back pocket? Priceless. More here. HT Mises Blog.
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
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
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
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.