The Federal Reserve is a Law Unto Itself
“As the nation’s central bank, the Federal Reserve derives its authority from the Congress of the United States. It is considered an independent central …
business cycle
Yellen, the Most Qualified Since Arthur Burns
There’s plenty of gushing about the Janet Yellen appointment as Federal Reserve Chairman. Yale economist Robert Shiller says she’s “a real mensch.” Greg Mankiw …
Gold and the Wacky Human Mind
The voting machine that is the market deemed an ounce of gold to be worth $1,600 a few days ago and then, whoops, two …
The Dangers of Mortgage Debt
In 2008, the American dream of homeownership turned into an incredible nightmare for millions. The government had been subsidizing this stuff for nearly a …
The Man the Keynesians Fear
The great battle since 2008 has pitted the ghosts of F.A. Hayek against John Maynard Keynes. Team Keynes dictated the policies we know too …
2008? That’s Ancient History, Right?
Memories are short, and 2008 is ancient history. Consumers can’t suppress their urge to consume. Lenders can’t suppress their urge to lend. We’ve learned …