The Fed

Mark Thornton explains why Austrian economics matters, and why gold, debt, the Fed, and the dollar all point back to the same problem: government money.

Dr. Patrick Newman speaks to Bob about his new book, which reviews how big business built the regulatory state, the Fed, and cartels like the AMA, all justified in the name of the "public interest."

Most economists believe that a growing economy needs a growing supply of money. While sounding like a common-sense idea, it turns out to be dreadfully wrong.

Mark Thornton explains how government intervention creates inequality, privileging protected industries and politically connected insiders while pushing costs onto everyone else.

Ryan, Tho, and Dr. Jonathan Newman discuss recent economics headlines, including interventions to prop up the yen, a bad jobs report, and troubling signs in bond markets.

Mainstream economists believe that central banks can “control” inflation, which they believe actually boosts the economy. The only thing inflation boosts is more inflation.

Economic, political, and academic elites have declared gold to be a “barbarous relic,” but in the end gold always is the best choice for money. More than a century of the Fed's paper-based inflation is all the proof we need.

Bob returns to the fractional reserve banking debate to clarify a point the critics keep missing: in the Mises-Hayek-Rothbard framework, it's fractional reserve banking itself that sets the boom-bust cycle in motion, not merely central banks.

If we wish to be honest, the Federal Reserve System needs to be put out of its—and our—misery.

Recently, the Supreme Court released two major executive power opinions.