The Left’s Fed Up Makes A Naked Power Grab For Control Of The Fed
byThe left is undertaking an amazing back door plan to dramatically increase its influence over the Fed’s interest-rate-setting Open Market Committee. The key activist…
Is the glut of saving behind downtrend in natural interest rate?
byIn his speech at the New York Federal Reserve of New York on October 5 2016 the Federal Reserve vice Chairman Stanley Fischer has…
Economic Ideas: The Institutions and Economics of the Middle Ages, Part 2
byThe Catholic Church was the one institution in the Middle Ages that was outside of the Feudal Order of both the rural Manors and…
Economic Ideas: The Institutions and Economics of the Middle Ages, Part 1
byIn attempting to understanding the ideas and institutions of the period of history that is usually called the “Middle Ages” it must be kept…
Memo to President Trump or President Clinton: The Gold Standard Made America Both Good and Great
byMarc Levinson writing recently in The Wall Street Journal provides a very pessimistic view for the American Dream, “Why the Economy Doesn’t Roar Anymore:…
A history of Fractional Reserve Banking – or why interest rates are the most important influence on stock market valuations? Part 2
bySource: 1propaganda.com Central banks appear more powerful than at any time in their history – has something changed? Not really – because of…
USD ready for a second leg higher – then what?
byOne year ago we showed the following chart to explain the relative strong dollar that was on everyone’s mind at the time. With a…
Pound Sterling troubles would have been irrelevant with Free Banking
byThe violent exchange-rate fluctuations in pound sterling raise a host of issues that are causes for concern. Increased inflation is one of the primary…
Fed’s official expressed concern of a possible low natural rate
byIt is widely accepted that by means of suitable monetary policies the US central bank can navigate the economy towards a growth path of…
Benn Steil: History Shows Trump’s Trade Policy Is a Recipe for Recession
byThe central theme of Donald Trump’s economic policy is trade. He promises to slash America’s trade deficit by tearing up international agreements and imposing…