Greenspan’s Empty Talk
On the day Greenspan died, this 2001 essay by Joseph T. Salerno deserves a second life. It documented what the mainstream refused to see.
Financial Markets
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The Fed’s New Face, Same Old Game
Kevin Warsh may talk tough, but Mark Thornton argues the Fed’s real mandate hasn’t changed: finance Washington, protect Wall Street, and let inflation grind down everyone else.
A Harvard Economist Tests Austrian Capital Theory
Bob sits down with Harvard Economics Professor Pol Antras to discuss his new paper applying Böhm-Bawerk's average period of production to international trade.
The Warsh Era Begins
On this episode of Power and Market, Ryan, Connor, and Tho discuss the first FOMC meeting under new Fed Chair Kevin Warsh. Out? Forward Guidance. In? Task forces! What should we take away from Warsh's first time addressing the financial press, and will his tenure be an improvement from the past, or present new dangers to the public?
Bond Market Sell Off: Welcome to the “Titanic Effect”
Because government monetary authorities have been interfering with interest rates for decades, investors have no more confidence in the bond markets, as they expect more interference and more unpredictability.
Bond Market Sell Off: Welcome to the “Titanic Effect”
Because government monetary authorities have been interfering with interest rates for decades, investors have no more confidence in the bond markets, as they expect more interference and more unpredictability.
The Affordability Crisis Is a Sovereign Debt Problem
As economic uncertainty grows, the authorities turn to their only “solution”: increase sovereign debt and ratchet up inflation.
Remembering the Mogambo Guru
The financial analyst Richard Daughty, whose pen name was Mogambo Guru, passed away four years ago, but while he was alive, he produced spot-on criticisms of the US government and its inflation rocket fuel booster, the Federal Reserve System.
Remembering the Mogambo Guru
The financial analyst Richard Daughty, whose pen name was Mogambo Guru, passed away four years ago, but while he was alive, he produced spot-on criticisms of the US government and its inflation rocket fuel booster, the Federal Reserve System.
War, Easy Money, and the Working-Class Squeeze
Record-low consumer confidence and record-strong corporate earnings aren’t a paradox: they’re the Cantillon effect in real time. Mark Thornton explains who inflation rewards, who it crushes, and what comes next.
