By: Jeff Deist Judy Shelton, a Trump nominee to the Fed Board of Governors, may not have coined the excellent term “Fed Bug,” but she used it to delicious effect in this 2019 Financial Times interview: “People call me a goldbug, and I think, well, what does that make them? A Fed bug,” she says. Can anyone the New York Times attacks this dishonestly be […]
Austrian Economics
INFLATION ALERT: Federal Reserve admits it will not tolerate deflation
By: Stefan Gleason The dramatic ascent of precious metals markets this summer reflects what could be just the start of a longer-term decline and fall in the Federal Reserve Note’s value and status. With gold prices surpassing $2,000/oz recently, the monetary metal has now made new all-time highs versus all the world’s major fiat currencies. […]
Does the Federal Reserve have an escape plan?
By: Robert Aro Fed Chair Powell would shock the world if he said something like this: The Federal Reserve’s response to this crisis has been guided by our mandate to promote maximum employment and stable prices, along with our responsibilities to promote the stability of the financial system. The problem is that these are misguided policies […]
What happened to America’s pre-pandemic economic problems?
By: Andrew Moran So much has happened in 2020, and the year is not even over yet. It has been full of loneliness, misery, suffering, and unhappiness for millions of people around the world. From lost jobs to depleting bank accounts, it has been a horrific start to the decade for so many folks. When […]
Random Friday: Big Tech, gold prices nearing peak?, Obama’s eulogy
News Story of the Day: The Federal Reserve’s money spigot must be working over time. Within 48 hours, Big Tech stocks added approximately $250 bilion to their market capitalization. After huge corporate earnings and a congressional grilling, Amazon, Apple, Facebook, and Google posted big numbers. Amazon, for instance, made $5.2 billion at the height of […]