Monetary Policy

The Government Must Stop Printing Phony Money

If advocates of freedom were to make up a list of New Year’s resolutions for 2016, one of the most important items should be ending government’s monopoly control over money. In a free society, people in the marketplace should decide what they wish to use as money, not the government. For more than two hundred years, practically all of even ... [click for more]

Paper Money Versus The Gold Standard: An Explanation

We are living in a time that can only be considered monetary chaos. The U.S. Federal Reserve has manipulated key interest rates down to practically zero for the last six years, and expanded the money supply in the banking system by $4 trillion dollars over that time. And with the true mentality of the monetary central planner, the Fed ... [click for more]

Time to End Monetary Central Planning

There is no way to describe current Federal Reserve policy other than as monetary confusion and misdirection. In a nutshell, Janet Yellen and the other members of the Fed’s Board of Governors have no idea what to do. Do they raise certain interest rates over which they have some direct influence? Do they keep them at their current rock ... [click for more]

Markets, Not Janet Yellen, Should Set Interest Rates

Financial markets in the United States and around the world are all waiting with “bated breath” for when the Federal Reserve modifies its “easy money” policy and starts to raise interest rates. No one, however, asks a simple question: Why is the American central bank in the interest rate setting business? In May 20th, the minutes were released of the ... [click for more]

Europe’s Move in the Direction of More Monetary Mischief

The European Central Bank has announced its intention to create out of thin air over one trillion new Euros from March 2015 to September 2016. The rationale, the monetary central planners say, is to prevent price deflation and “stimulate” the European economy into prosperity. The only problem with their plan is that their concern about “deflation” is a misguided fear, ... [click for more]
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