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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Yellen, the Most Qualified Since Arthur Burns
There’s plenty of gushing about the Janet Yellen appointment as Federal Reserve Chairman. Yale economist Robert Shiller says she’s “a real mensch.” Greg Mankiw …
Gold and the Wacky Human Mind
The voting machine that is the market deemed an ounce of gold to be worth $1,600 a few days ago and then, whoops, two …
The Dangers of Mortgage Debt
In 2008, the American dream of homeownership turned into an incredible nightmare for millions. The government had been subsidizing this stuff for nearly a …
The Man the Keynesians Fear
The great battle since 2008 has pitted the ghosts of F.A. Hayek against John Maynard Keynes. Team Keynes dictated the policies we know too …
2008? That’s Ancient History, Right?
Memories are short, and 2008 is ancient history. Consumers can’t suppress their urge to consume. Lenders can’t suppress their urge to lend. We’ve learned …