Monetary Policy

Crushed by the Fed

by
During a roundtable debate on a major cable-news outlet about how the Federal Reserve should handle the current credit crunch, one of the economic “experts” made a startling statement. He said, “The Fed has two jobs: to control inflation and to run the economy.” That such a statement is considered conventional wisdom is a stark ... [click for more]

The Soviet-Style Attack on NORFED

by
It would be difficult to find a better example of federal heavy-handedness than the recent six-hour federal raid on NORFED, the National Organization for the Repeal of the Federal Reserve and Internal Revenue Code. In fact, it would be virtually impossible to distinguish the NORFED raid from similar raids ... [click for more]

Inflation Is Legalized Robbery, Part 2

by
Part 1 | Part 2 Whether one believes in the “price stability” policies of our nation’s central bank, or believes such policies have caused countless economic problems, the onus is on the Federal Reserve. It is a strange, quasi-secret public/private agency with little or no accountability. [click for more]

The Federal War on Gold, Part 3

by
Part 1 | Part 2 | Part 3 It is impossible to overstate the significance of the Franklin Roosevelt administration’s confiscation of gold and its nullification of gold clauses in contracts. It is one of the most sordid episodes in American history. To get an accurate sense of Roosevelt’s actions, it would not be inappropriate to compare what ... [click for more]

The Federal War on Gold, Part 2

by
Part 1 | Part 2 | Part 3 Presidents Abraham Lincoln and Franklin Roosevelt revolutionized the monetary system of the United States and set the nation on the road of inflationary plunder that has characterized other nations in history. The actions of these two presidents also provide a textbook example for understanding the animosity and antipathy that ... [click for more]

The Federal War on Gold, Part 1

by
Part 1 | Part 2 | Part 3 Given the rising price of gold and the fact that federal spending is totally out of control, the prospect of gold confiscation and criminalizing the private ownership of gold by federal authorities inevitably rears its ugly head. There are few things that federal big spenders hate more than gold. ... [click for more]

Speaking of Inflation

by
Discussions about inflation remind me of a drink I bought in a Shanghai bar in 1948. I kept tossing rubber-banded stacks of paper money, Chinese National Currency (CNC), onto the bar. Finally, the bartender shrugged and said, “That’s enough.” I once told that story to Dr. Norbert Einstein, an economist in Seattle and a distant cousin to Albert. Standing ... [click for more]

A Balanced Budget Is Not Enough

by
Conservatives must be easy to please. Case in point: The other day columnist Lawrence Kudlow excitedly let us in on the well-kept secret that the federal budget deficit is getting smaller. “Last week’s Treasury report on U.S. finances for December shows a year-to-date fiscal 2005 deficit already $11 ... [click for more]

The Federal Attack on the Dollar

by
In the wake of unrestrained U.S. federal spending, U.S. conservatives are no longer talking so loudly about how they brought down the Soviet Union — by making it spend the nation into national bankruptcy. But the marketplace is speaking as loudly as conservatives once did, as reflected in ... [click for more]
Page 6 of 13« First...45678...Last »