The Fed @ 100: Can’t fix Obamanomics
Today’s centennial anniversary of the creation of the “Third Bank of the United States”, legally titled the Federal Reserve, seems a good time to reflect on its mostly unchecked power, role in causing and preventing financial crises, and obvious inability to return an economy to health made sick by failed fiscal and other economic policies imposed by the federal government. The Federal Reserve System was | Read More »
Should We Go Back to a Gold Standard?
On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the argument for a gold standard, the perils that it would bring and living in a Ben Bernanke world.
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Bring Back the Gold Standard. Why Floating Dollar is Biggest Threat to Property Rights
With the world awash in trillions of dollars of new currency printed out of thin air by central banks across globe, and gold hitting $1443 per ounce, comes this MUST READ piece from Hillsdale College’s Imprimis (excerpts): The Floating Dollar as a Threat to Property Rights Now, the record is clear in respect of how America’s founders viewed money. Many of them went into the | Read More »
Liberals Preach Economic Theories of a Bankrupt Idiot (Keynes)
As the number of jobs lost since the beginning of the recession passes 7 million, obstinate liberal economists such as Paul Krugman continue to push the upside-down theory that the best way to climb out of debt is to keep digging. “We find that a stronger short-term fiscal policy response” — by which they mean a temporary increase in government spending — “is significantly associated | Read More »
Tags: Austrian economics
, fiat currency
, gold standard
, John Maynard Keynes
, Paul Krugman
, Richard Nixon