At his new blog, Ben Bernanke is coming up with new excuses as to why the current recovery is so weak and why mega-low interest rates — and thus a lack of options for middle-income savers seeking interest income — aren't his fault.
"Sound money and free banking are not impossible; they are merely illegal," Hans Sennholz wrote. Today, the barriers to competition in money and free-market banking are numerous, but even a few non-radical changes could open up a new world of options and competition for bankers and consumers.
Recorded at the Mises Institute in Auburn, Alabama, on 10 April 2014. Includes an introduction by Jeff Deist.
Interviewed by host Phil Pepin, Mark Thornton discusses the fed’s rol
Joseph Salerno's paper "A Modest Proposal for Reining in the Bernanke Fed" is now in the Top 10 in downloads on the Social Science Research Network (SSRN) in the category of "Response to Financial Crisis." (no kidding!) SSRN is the primary depository of working paper in economics and the social sciences. You can download Joe's paper here for free.
Not only are stock markets near all time highs, the amount of margin debt is also at all time highs. Margin debt is money borrowed to leverage the purchasing power of portfolios.
Why is it that only former Fed officials are willing to say the truth about the economy and monetary policy. I know they don't know the whole truth and they are blinded by power, but why do they always wait till they are "former" to tell the truth.
"In other words, you cannot accurately forecast a recession or financial panic by looking at either the announcement or the completion of the world’s tallest building"
So The Economist apparently does not think too "highly" of my skyscraper theory
Jeff Deist and Paul-Martin Foss discuss we should end the Fed.
