The Federal Reserve is a Law Unto Itself
“As the nation’s central bank, the Federal Reserve derives its authority from the Congress of the United States. It is considered an independent central …
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ben bernanke
A Global War on Savers
So Janet Yellen’s first hearing took place a few nights ago. It was fairly boring. She’s expected to sail through and become the next …
Money Printing: Everything Old Is New Again
While the world has evolved over the centuries, human emotions have remained the same — happiness, sadness, jealousy, greed, fear. The ruling class and …
Thank You, TSA, NSA, FBI, and CIA!
Today, we take time out from our regularly scheduled programming to thank the people who rule us. To the TSA agents at airports… to …
End of QE? I Don’t Buy It
A new meme is spreading in financial markets: The Fed is about to turn off the monetary spigot. U.S. Printmaster General Ben Bernanke announced …
Inside Ben Bernanke’s Doomsday Device
Where things stood at the close of last week: Dow down 105, gold up $9 an ounce. Nothing worthy of comment, in other words. …
Leaping toward the Keynesian Dream
The Fed’s latest inflationary scheme sounds like a technocratic innovation. It lowered the costs of currency swaps between central banks of the world, with …
The Blessing of Falling Prices
The DVD player crashed last night. The disc wouldn’t load. Clearly, the player had gone the way of all flesh. With great reluctance, it …