Federal Reserve and Central Banking
LATEST Articles
The Verdict Is in for El Salvador’s Bitcoin Experiment: It Failed
El Salvador's president, Nayib Bukele, may be Bitcoin's most visible publicist. Since Bukele assumed the presidency...
Global Economic Freedom Plunged During the Coronavirus Panic
The novel coronavirus brought with it equally novel regulatory restrictions on economic freedom.
How Old Bad Ideas Become Wonderful
There is no end of history. Instead, civilization is a constant fight to embrace what has...
Could America Go the Way of the Soviet Union?
A disturbing new poll conducted by Quinnipiac University finds that 67 percent of Americans are concerned...
Biden and Powell Are at Odds on Inflation
If you were expecting Jerome Powell to unveil an elegant new intellectual framework for monetary policy...
Inflation Will Hit Universities Hard
Many schools are in precarious financial condition despite huge federal bailouts related to the Covid pandemic.
Student Loan Handout—Illegal, Inflationary, Immoral, Inequitable and More
When I learned of President Joe Biden's latest student loan forgiveness plan, seven words, all beginning...
Floating Exchange Rates Add to Economic Uncertainty
Nobel economics laureate Robert Mundell wrote in 1998 that the dollar-euro exchange rate would go on...
Why We Lost Trust in the Expert Class
Experts absurdly claimed that denying tens of thousands the right to break quarantines to protest in the street was a greater health threat than COVID-19.
A Recession by Any Other Name
The Biden administration appears to be preparing for a recession--or rather, for news of one. Rather...
Why the Fed May Soon Need Treasury Help
Here we go again. Another meeting of the Federal Reserve's monetary policy committee, and another press...
75% of PPP Wasted
2020’s Paycheck Protection Program (PPP) continues to be an $800 billion example of waste and fraud...
Biden and the Destruction of Wisdom
Biden allowed what will soon be 3 million illegal aliens during a pandemic to enter unaudited, untested, unvaccinated.
The Disappearing American?
During the nearly two-year-long COVID shutdown and economic downturn, firms cut costs by laying off millions of employees.
Biden and Oil: Destroy America in Order to Save It
The shelter-in-place mandates bridled the middle class and slowed the economy—and thus gave us desirable reduced carbon emissions.
What Congress Can Do to Lower the Cost of Inflation
Inflation is the highest it's been in 40 years. There are many culprits--COVID-19, a 40 percent...
Economists Should Know Better than to Support Big Government Democratic Policies
If you are an economist, it's hard to be a Democrat these days. The reason: So...
The World Is Facing Its Day of Inflationary Reckoning
The last two years saw a $6 trillion COVID-19-related budget deficit that took federal expenditures to the equivalent of 30.5 percent of GDP.
What Can Healthcare Prices Teach About Inflationary Woes?
Even in 2020, when healthcare access was strongly curtailed because of COVID-19, medical inflation measured 4.11 percent.
Fauci and the Highest Stage of White Coat Supremacy
“Anthony S. Fauci, M.D., director of the National Institute of Allergy and Infectious Diseases (NIAID), part...
Fed Interest Hikes May End Up Having Unintended Consequences
Imagine you are chairman of the Federal Reserve. If you want to increase the output of...
Are Elon Musk and Jaime Dimon Crying Wolf about the Economy?
Tesla's Elon Musk has a 'super bad feeling' about the economy. My first cynical reaction: Musk...
The Sovietization of American Life
Entire professions have now nearly been lost to radical progressive ideology.
Bernanke’s Prescription for Inflation—Give the Fed More Power
Let's see. Inflation currently exceeds 8 percent a year in the United States. Our central bank,...
Wind and Solar Will Have to Wait
Skyrocketing oil and gas prices are telling a more powerful story than global warming skeptics have...
Time to Stop Coddling Crypto
Even among the crypto faithful, confidence in stablecoins has been shaken, and calls for regulation have...
Congress Has a Stake in the Dollar’s Integrity
Who is responsible for the value of the U.S. dollar? A cardinal rule among American practitioners...
The CDC and Unmasking White Coat Supremacy
US district judge Kathryn Kimball Mizelle has ruled that the federal Centers for Disease Control (CDC)...
Vaccines and Operation Warp Speed
Over two years after the World Health Organization declared Covid-19 a global pandemic, it seems the...
Are EUAs Deregulation or Regulatory Capture?
Nearly two years after Covid-19 first reached the US, Dr. Anthony Fauci indicated what many medical...
You Thought Tax Day Was Bad? Biden Has Worse in Store
You could say 'Happy Passover,' you could say 'Happy Easter,' but you couldn't really say 'Happy...
The Altimeter for Powell’s Soft Landing
Federal Reserve Chairman Jerome Powell promised last month that a 'soft landing,' one with neither a...
The Debasement of Our Professional and Political Classes
Do we remember the 27 Lancet “scientists” who signed the now infamous letter reassuring us the Wuhan lab played no role in the origins in COVID?
The Nihilism of the Left
State governors such as Gavin Newsom, Gretchen Whitmer, and Andrew Cuomo did not let the pandemic crisis go to waste.
Where’s the Growth? Biden Budget Brings Back Obama’s Secular Stagnation
This year’s deficit comes down as pandemic emergency payments presumably come to an end.
Putin May Fear Default More than Defeat in Ukraine
While the U.S. has barred most transactions by American institutions with Russia's central bank and Finance...
The Real ‘Reset’ Is Coming
In the middle of the COVID global pandemic, Klaus Schwab and global elites announced a “Great Reset.”
Inflation Woes Cry for Reagan-Volcker, but We’re Stuck With Biden-Burns
After speaking yesterday to a group of Washington business economists, the Federal Reserve chairman, Jay Powell,...
‘There He Goes Again’: Biden Talks About What the Country Doesn’t Want To Hear
The White House description of President Biden's schedule today says he was to join business roundtable...
The Fed Needs to Put Its Eye on the Money Supply
During the pandemic, the Fed made a colossal error by ignoring the growth rate in the money supply and creating a massive amount of excess money.
How Politicized Is the Federal Reserve?
President Biden's nomination of two progressive economists to key positions at the Federal Reserve has triggered...
Political Affiliations of Federal Reserve Economists
Economists play a vital role in the Federal Reserve System (Fed) by producing research and conducting...
The Biden Inflation Octopus
Biden ignored the natural inflationary buying spree of consumers who were released from being locked down for nearly two years unable to spend.
Denial of Russian Access to Bank Transfers Was Once Likened by Russia’s Prime Minister to an ‘Act of War’
President Putin's decision to put Russian nuclear forces on alert on Sunday--dramatically escalating tensions over Russia's...
War in Ukraine Complicates the Fed’s Inflation Strategy
How will the Russian invasion of Ukraine affect U.S. monetary policy?
Begin with the Federal Reserve's most...
The Crowded Road to Kyiv
One of the oddest commentaries about the Russian invasion of Ukraine is the boilerplate reaction that...
Jerome Powell Is Wrong. Printing Money Causes Inflation.
Federal Reserve Chairman Jerome Powell still believes that inflation and the money supply are unconnected. He...
Joe Biden, Alchemist?
Biden tore the country apart by demonizing the unvaccinated as yokel Trump supporters, all but deserving whatever they got from COVID.
Why Ideology Is the Ancient Enemy of Civilization
One of the reasons the COVID-19 lockdown and mask policies lost public confidence was their utter corruption by ideology.
Vaccine Vexations: This Isn’t the First Time Fauci Has Pushed Questionable Treatments
Dr. Fauci has a record of prioritizing procedures, vaccines and drugs protected by patents and profitable for drug companies.
Our Elite is No Elite at All
There are no finer degreed-elites in the world than our medical professionals such as Anthony Fauci, Francis Collins, and Peter Daszak.
Republican Priority: Make Trump Tax Cuts Permanent
House Republicans are crafting a modernized version of Newt Gingrich's famous 1994 Contract With America. It's...
Liberties Are Only Kept Safe by the Limitation of Government Power
I was recently struck by the explosion of the federal government's size and reach, as well...
Is America Heading for a Systems Collapse?
In modern times, as in ancient Rome, several nations have suffered a 'systems collapse.' The term...
OSHA Vaccine Mandate Stayed at the Supreme Court
In National Federation of Independent Businesses v. Department of Labor, a majority of the Supreme Court...
Price Controls and Government Spending Won’t Fix Inflation
It’s not hard to see how the United States got into this inflationary situation during the COVID-19 pandemic.
Central Planning is Bad for the Economy and for Science
In the Great Barrington Declaration, distinguished medical scientists from Oxford, Harvard, and Stanford universities seek an...
Packers’ Quarterback Aaron Rodgers on Science and Freedom of Choice
“If science can’t be questioned, it’s not science anymore. It’s propaganda, and that’s the truth.” That...
Biden Points to President Fauci
On December 2 at the National Institutes of Health Joe Biden told reporters “I’ve seen more...
Biden, not “Big Oil”, is to Blame for Energy Price Spikes
President Biden apparently wants Americans to believe that the major producers and distributors of fossil fuel...
California Covid Contradictions
As Katy Grimes of the California Globe notes, some 20 months after Gov. Gavin Newsom locked...
How Governments Botched COVID-19 Testing, Reinforcing Destructive Lockdowns and Massive “Relief” Spending
The most glaring governmental failure during the COVID-19 experience in the United States has been the...
What the FDA and NIH Have to Say About the Vaccine
Fact-checkers screening for “misinformation,” please note: everything that follows are direct quotes from the FDA Authorization...
Wuhan COVID Patients Showed Genetically Modified Henipah Virus
“Samples from early Wuhan COVID-19 patients show the presence of genetically modified Henipah virus,” reports Omid...
To Mask, Or Not? A State of Resistance
The state of resistance, in this case, is Florida. Many readers will be aware that Florida...
It’s Time to End the COVID Mandates
As everyone is aware, governments have been mandating restrictions on people’s behavior in response to the...
Protecting Intellectual Property Rights Will Save Lives Now and in the Future
The Covid-19 pandemic has killed millions of people and imposed enormous economic costs on the world....
The Covid-19 Ratchet Effect is Becoming Clearer, and More Concerning
On June 24, Centers for Disease Control Director Dr. Rochelle Walensky extended the national eviction moratorium...
Pandemic Unemployment Fraud Tops $400 Billion
In early 2020, state governments across the country reacted to the arrival of the coronavirus epidemic...
More U.S. Intelligence Failure – and a Possible COVID Coverup
On May 23, Dr. Anthony Fauci told reporters he was “not convinced” that COVID-19 developed naturally....
The Biden Budget: Pandemic Spending That Never Ends
President Biden released his first budget proposal on Friday, May 28, 2021. Just ahead of the...
Inflation Facts
Widely reported in the financial news, inflation skyrocketed in March–the Consumer Price Index was up 0.8%...
Supreme Court Grants Injunction on California COVID Restrictions
On Friday, the Supreme Court in Tandon v. Newsom (2021), granted a request for injunctive relief...
Vaccine Passports: Why? How?
There’s only one reason to require COVID vaccine passports: to coerce people into getting the vaccine....
AstraZeneca Vaccine Controversy Provides Another Example of Overly Cautious Government Reactions
After a sluggish and error-prone beginning to a country-wide effort to vaccinate Americans against Covid-19, it...
Are We Witnessing the Beginning of the Covid-19 Ratchet Effect?
Nearly 13 months after the first confirmed Covid-19 infection in the US, President Biden held a...
How the Loss of the Outer Circle Has Changed Community
In the last 12 months we have worked hard to stay connected with our close, inner...
How Is Small Business America? Struggling, But Hopeful
As a small business owner, you grow accustomed to adversity on a daily basis, hoping for the best but preparing for the worst.
10 Crazy Examples of Waste in New COVID-19 Bill
Here are 10 crazy examples of waste and partisan kick-backs that have nothing to do with COVID-19 but are in the new bill.
Getting Conned by COVID-19 CON Laws
Patients have a higher mortality rate following heart attacks, heart failure, and pneumonia in states with CON (certificate of need) laws.
Will Cuba’s Vaccine Rollout Live Up to the Ad Copy?
“Cuba’s socialist approach to developing vaccines against Covid-19 differs strikingly from that of capitalist nations of...
Regulatory Shadows Make Dark Winter for Alaska
The federal government decided that Native Americans of Alaskan origin did not qualify for stimulus funding.
Dr. Fauci’s Refusal to Face New York Nursing Home Deaths Is Revealing
Thousands more nursing home residents may have died from COVID-19 than New York Gov. Andrew Cuomo...
How the Pandemic Has Reconnected Generations
Thankfully, in a time of immense sorrow and uncertainty, we are seeing new and creative ways to engage with our elderly.
Innovative Community Engagement on Fiscal Issues
Bringing residents into fiscal discussions requires complete and continual transparency on the part of the city.
“Nothing We Can Do” About Trajectory of the Pandemic?
“There’s nothing we can do to change the trajectory of the pandemic in the next several...
Dr. Anthony Fauci’s $417,608 Tops All Federal Salaries, but Does Performance Match the Pay?
The highest-paid federal government employee is Dr. Anthony Fauci, with a salary of $417,608 according to...
FDA Slow Walks COVID-19 Vaccine
Cumbersome regulations continue to block more vaccines able to save lives and help us return to normal.
Is Gov. Newsom Avoiding Science-Based Pandemic Policies?
Californians may be unaware that the state employs more than 4,000 scientists in agencies such as...
The COVID-19 Vaccine Rollout Is a Mess
Despite the problems inherent in central planning, we are turning to state governments to allocate and administer the COVID-19 vaccine.
The Bureaucrats of the Year
If you were to give out an award for Bureaucrat of the Year, how would you...
Logrolling Fills COVID Relief Bill With Waste
The latest example of how professional politicians generate costly waste on Capitol Hill just became official....
Dr. Deborah Birx Gets Pushback for Violating Her Own Standards
“We cannot go into the holiday season, Christmas, Hanukkah, Kwanza, with the same kind of attitude,...
Early Covid-19 Vaccine Distribution Troubles Add to a Long List of Government Pandemic Failures
It’s been nearly twelve months since Covid-19 reached the United States. Since then, more than 19...
Technology Has Changed Public Engagement
Throughout the pandemic, it has become abundantly clear that local and state governments need to be technologically smart in order to engage with the public.
Sen. Dianne Feinstein Turns up in $2 Billion EDD Scandal
Back in the 1990s, a comedian was lampooning people who wore jerseys of NBA players. “Look,”...
Lessons from 2020: A Global Perspective on Covid-19
As this annus horribilis draws to a close, it might be appropriate to step back for...
Cities Come Together During Holidays Despite Restrictions
As the holiday season continues, cities and community organizations are also adapting entertainment events.
San Francisco Loosens Restrictions on Dating
Banning dating may give single people a good excuse for family members at Christmas, but it’s a costly overreach by policymakers.
New COVID-19 Vaccines, Same Sluggish FDA
In October, large portions of the United States began experiencing rapid increases in new COVID-19 cases....
The Top 3 Most Egregious Pandemic Restrictions
Democrat or Republican, we must continue to act in good faith. Otherwise, pandemic fatigue will become a pandemic in itself.
FDA Delays COVID Vaccine Review
An EUA allows the FDA to streamline the approval process in the case of an emergency, or if running a clinic trial is impossible.
Florida’s Governor DeSantis Chooses Liberty Over Mandates
As the COVID-19 pandemic persists, many governments are imposing (or reimposing) mandates, lockdowns, and in general,...
To Live and Dine in L.A.
Los Angeles County Supervisor Sheila Kuehl believes “outdoor dining is probably more dangerous in terms of...
How Did Forecasters Get the Pandemic Economy So Wrong?
The stock market and the consensus of forecasters are two sources of economic intelligence that are...
State Employment Development Department Empowers “Biggest Fraud on Taxpayers in California History”
California’s Employment Development Department (EDD) doesn’t develop much employment beyond those who work there. On the...
No-Ho-Ho: The Economics of Holiday Gift Giving
With holiday gift shopping in season and the COVID-19 pandemic rampant, consider the relative merits of...
Thanksgiving for California’s Paradise Lost
Gov. Gavin Newsom’s “Guidance for Private Gatherings” limits the number of participants at Thanksgiving celebrations and...
Tyler Cowen Is Wrong About Great Barrington Declaration on Lockdown Policies
George Mason University economist Tyler Cowen is attacking the Great Barrington Declaration again today on Marginal...
Was Dr. Fauci Right about Dangerous Gain-of-Function Research?
“Gain of function” (GOF) research involves the manipulation of viruses, and during the current pandemic it...
Future of Democracy Depends on Postal Reform
Postal reform is more critical than ever to ensure that vote-by-mail remains a viable option for the electorate for decades to come.
Misperceptions of COVID Risk and the Media
Media functions to divide us from reaality. Shark attacks make headlines. They play on our fears and result in tragedy and death.
No, Daring to Be Against Lockdowns Is Not “Anti-Science”
Economic lockdowns may mitigate the risk of transmission, but not without hampering the economy (which indirectly undermines public health).
Federal PPP Loans Put Corrupt Hands in the Till
COVID-19 has taught us that the government is bad at spending money. It might be different...
Nancy Pelosi and the 25th Amendment
House Speaker Nancy Pelosi wants to get rid of Donald Trump. She apparently does not have...
Pope Francis Misunderstands Markets, Squanders Moral Authority
“The fragility of world systems in the face of the pandemic has demonstrated that not everything...
Creative Engagement During Pandemic Uncertainties
Since March, engagement, on the community level and beyond, has surfaced as a vital aspect of emotional and mental health.
A Coronavirus Spending Scandal
Seven months ago, the U.S. Congress rushed to pass the CARES Act, a $2 trillion emergency...
Scientific Policy in Response to COVID-19
We have all heard, from politicians and from scientists, that the public-policy response to the COVID-19...
Economic Miscalculation and the Covid-19 Pandemic
As Covid-19 began to spread through the United States in February, many feared hospitals would become...
Pandemic Prophecy Not on the Rosy Side
Actress Jennifer Garner (13 Going on 30) recently asked Dr. Anthony Fauci, “When are we going...
FDA Approves Blood Plasma as Covid-19 Treatment
In the nearly eight months since Covid-19 arrived in the United States, the country has undergone...
Pelosi: It Was a Setup
By now, most readers will be familiar with Representative Nancy Pelosi’s visit to a hair salon...
The U.S. Economy’s Hidden Resilience
One of today’s pivotal questions is the ability of the economy to cope and adapt in...
Nancy Pelosi’s Bad Hair Day
As the world knows, House Speaker Nancy Pelosi had a wash and a blow-out at a...
Pandemic Convergence
“We hope to finish this pandemic in less than two years, especially if we can pool...
Play Ball!
I’ll admit to being a fan of college football, and have followed with interest the debates...
Will Small Businesses Stay Closed Post-Pandemic?
As many as 1.4 million small businesses closed their doors or temporarily suspended operations in the...
Is the Covid-19 Pandemic Spreading Affinity for Socialism? It Shouldn’t!
Famed Economist Thomas Sowell has long remarked that “Socialism in general has a record of failure...
Different Dread from the Fed
“The next six months could make what we have experienced so far seem like just a...
Where There’s a Will There’s a Won’t: A COVID-Related Tale of Bureaucracy
A tax-funded county library system, upon which I rely for research materials and Internet access, closed...
F.A. Hayek and the Coronomics Crisis
F.A. Hayek’s The Road to Serfdom influenced Ronald Reagan and in 1991 President George H.W. Bush...
COVID-19 Is Disrupting the Future of Higher Education
As the pandemic continues to push students toward alternatives, the pitfalls of a traditional college education will become increasingly difficult to ignore.
Lies, Damn Lies, and Statistics
Ronald Coase (from whose essay,”The Lighthouse in Economics” our logo is derived) is rightly renowned for...
As the Pandemic Demonstrates, Leviathan Feeds on National Crises
Crisis and Leviathan is Robert Higgs’ great work of history exploring how politicians exploit crisis situations...
Media Groupthink Comes for Sweden
Like other public-policy issues, the COVID-19 pandemic elicits a range of perspectives. Some argue for […]
State Mismanagement of Covid-19 Data Continues
Mindy Clark of Sarasota, Florida, drove to a COVID-19 testing site at Manatee Rural Health because...
Federal Regulations Explode During Coronavirus Pandemic
The Trump administration has often trumpeted its effectiveness in reducing the number of regulations that U.S....
Coronavirus Crises: Everything to Fear from Fear Itself
The coronavirus has spawned crises on three fronts—medical, financial, and economic—and the tide in each turns...
Lessons Learned from Our COVID-19 Response
Our original response was heavy-handed, but the dangerous nature and quick spread of COVID-19 required a strong response.
Removing Regulations in Response to COVID-19
In many ways, the state and federal response involved turning to the private sector and to deregulation. The public, predictably, benefited.
The “Prominent Hole” in CDC Epidemic Intelligence
Federal government briefings on the current pandemic have failed to feature anyone openly identified with the...
The Rich Say: Tax Us More to Fight COVID-19
More than 80 wealthy individuals are petitioning for higher taxes on the rich to help pay...
Don’t Trust Government to Distribute Covid-19 Drugs
As new Covid-19 cases continue across the U.S., many states are preparing for a potential second...
The Revolutionary Creativity of American Independence
The American war for independence from the United Kingdom was instigated by a coalition of free peoples who asserted the sovereignty of their human rights.
President Trump’s ‘Operation Warp Speed’ Vaccine Project Might Crash Into Perverse Incentives
This May, President Trump unveiled Operation Warp Speed, a partnership between federal regulatory agencies and private...
IRS Sent $1.4 Billion in Coronavirus Relief Money to Dead People
Proving once again that federal bureaucrats who do little other than spend trillions of dollars are...
Five Steps for Taming the Federal Spending Beast
The runaway federal spending that has accompanied the coronavirus pandemic will force a reckoning in the...
Uruguay’s Freer Approach Has Severely Limited the Pandemic While Protecting the Economy
We are not talking enough about Uruguay. That small South American country boasts impressive results in...
The Fed’s Mandate Is Up to Congress and the President
The role of the Federal Reserve as an instrument of public economic power could use some...
Forget ‘Hawks’ and ‘Doves’ at the Fed. We Need A Level Monetary Playing Field.
More than a decade has passed since the devastating global financial meltdown. Ben Bernanke, Federal Reserve...
The Case for A New International Monetary System
Abstract
How often do we hear references to the notion that we live in a...
A Trans-Atlantic Revolt Against Central Bankers
The International Monetary Fund last week sharply lowered its growth forecasts for the United States and...
Trump is Right to Take Aim at the ‘Political’ Fed
Donald Trump has broken a cardinal rule in US presidential campaigning by openly questioning the effectiveness...
Trump’s Contribution to Sound Money
The surest way to become alienated from Donald Trump supporters is to invoke the word 'global'...
Voters Deserve to Know What Candidates Think of the Fed
How is America's next president going to fix the problems that have plagued our economy since...
Trump’s Problem with the Fed
Donald Trump has a problem with the Federal Reserve.
You could call it a love/hate relationship. He...
Golden Opportunity Awaits to Make Common Cause at Trump-Ryan Summit
When Speaker Ryan and Donald Trump meet tomorrow at Washington, they should seek to reconcile dueling...
What If the ‘Big, Fat, Juicy Bubble’ Bursts?
You can't say you weren't warned.
During a recent interview with The Washington Post, Republican front-runner Donald...
Global Monetary Turmoil Is Hurting Economic Growth
Let's say that a Republican presidential candidate is prepared to do everything right to spur economic...
The Fed’s Phony Mandate
How many times have we heard top Federal Reserve officials solemnly invoke the Fed's 'dual mandate'...
A New Sound Money Movement for the GOP?
Something interesting may be happening among GOP presidential contenders as they strive to lay out their...
GOP Candidates Need to Take on the Fed
Let's say you knew for certain--no one does, no matter how confidently they assert it--but let's...
The Fed, Killing Economic Growth Softly
In case you didn't get a chance to watch Fed Chair Janet Yellen's televised press conference...
How a Gold-Backed Bond Could Open an Avenue to Monetary Reform
Global financial markets are being whipsawed from one day to the next as we get closer...
Time to Restore Sanity to the World’s Monetary System
China's decision to devalue its currency is rightly seen as a threat to American workers and...
Was the Euro a Mistake?
Was Europe's common currency doomed from the start?
The question nips at the back of the minds...
Is Central Banking the Problem or the Solution?
The fate of the global economy is held in the hands of very few people. Federal...
Fix What Broke: Building an Orderly and Ethical International Monetary System
Abstract
It has been more than six years since the global economy was put
through the financial...
Losing Patience with the Fed
This is getting old.
We have had frenzied speculation for weeks about whether the Federal Reserve was...
The Perils of Monetary Activism
It's nail-biting time again, with stock markets flailing early in the new year after racking up...
Save Ukraine from Currency Collapse
Ukraine's currency is crumbling.
No one should be surprised, given the relentless pressure from Russia aimed at...
What If Janet Yellen Is Wrong?
The chairwoman of the Federal Reserve, Janet Yellen, delivered her semi-annual monetary policy report to Congress...
Another Financial Meltdown on the Horizon?
And you thought that last global financial crisis was bad.
A report issued on Sunday by the...
Turning the Ukrainian Crisis Into the IMF’s Gain
'You never want a serious crisis to go to waste.' Former White House Chief of Staff...
A Currency Board for Ukraine
As Ukrainians mourn their dead and vow to prosecute their recently deposed leader, the valor of...
The Markets Love Yellen—for Now
Janet Yellen proved on Tuesday that she has mastered the art of Fed-speak. Testifying before the...
The Soviet Banking System—and Ours
Many in America today fear that our nation is going the way of Europe--becoming more socialist...
Gold and Government
Abstract
Something has gone terribly wrong with the world's monetary
system. It's evident that some kind of...
Lagarde’s Golden Opportunity
It can be hard to remember these days, but the International Monetary fund started out as...
The Wrong Way to Double Exports
Beware of President Obama's call for a doubling of U.S. exports over the next five years...
Currency Chaos: Where Do We Go From Here?
Global monetary relations are in disarray. Exchange rates fluctuate wildly among the world's major trade partners,...
The IMF and Its Barbarous Relic
Abstract
The International Monetary Fund has a wonderful heritage, a priceless legacy. It was...
One Currency Doesn’t Require ‘One Europe’
The creation of the euro was either the greatest historic achievement of the last century--or its...
The United States: Debtor and Leader?
It's hard to be a moral leader to the world when you have compromised your own...
Chairman Bernanke’s Monetary Apologia
This past Sunday, at the American Economic Association's annual meeting in Atlanta, Ga., Federal Reserve Chairman...
The Fed’s Woody Allen Policy
In the Woody Allen film 'Annie Hall,' the main character tries to explain irrational relationships by...
The Message of Dollar Disdain
Unprecedented spending, unending fiscal deficits, unconscionable accumulations of government debt: These are the trends that are...
Congress and the IMF’s Power Grab
A sad spectacle played out in Washington this week as House Democrats pushed through a $106...
The IMF’s Gold Gambit
The International Monetary Fund (IMF) deserves credit, figuratively speaking, for cleverly manipulating the financial troubles of...
Is Inflation Baked into the Budget Plan?
Trust, honesty, accountability--these are the watchwords of President Barack Obama's administration. In his inaugural speech, Mr....
Capitalism Needs a Sound-Money Foundation
Let's go back to the gold standard.
If the very idea seems at odds with what is...
Stable Money Is the Key to Recovery
Tomorrow's 'Summit on Financial Markets and the World Economy' in Washington will have a stellar cast....
The Weak-Dollar Threat to World Order
Imagine how Americans would feel if we suddenly realized that our most trusted trade partners have...
Security and the Falling Dollar
Every year, the Senate Select Committee on Intelligence is briefed by the chief of U.S. intelligence...
Our One-Dollar Dilemma
'The policy of this government is a strong-dollar policy.' President Bush has consistently stuck to this...
Ruble Rumble
American fighter jets scrambled to intercept Russian bombers earlier this month near the island of Guam....
Giving Mexico a Helping Hand
Mexican President Vicente Fox today begins an official state visit with George W. Bush. Now, more...
North America Doesn’t Need Borders
Vicente Fox, Mexico's incoming president, made a whirlwind trip to Canada and the U.S. last week...
Global Markets Need Golden Rule
'Manipulating currencies is not the approach that produces long-run prosperity.' So said Lawrence Summers last week...
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