monetary policy


To Really ‘Make America Great Again,’ End the Fed!

By Ron Paul Ron Paul Institute November 28, 2016   To Really ‘Make America Great Again,’ End the Fed!   Former Dallas Federal Reserve Bank President Richard Fisher recently gave a speech identifying the Federal Reserve’s easy money/low interest rate policies as a source of the public anger that propelled Donald Trump into the White […]

Ron Paul

Austrians at the Fed?

Austrians at the Fed?

By Jeff Deist Mises Institute November 21, 2016   Austrians at the Fed?   Coverage of central banks and monetary policy in popular financial media outlets like Bloomberg, Financial Times, Forbes, Wall Street Journal, and The Economist is almost uniformly bad. The reporting and analysis are superficial, and the writers tend to assume facts not in evidence. The same myths repeat themselves ad […]


Fed Holds Rates Steady: Setting Up for December Hike?

By Paul-Martin Foss Carl Menger Center November 2, 2016    Fed Holds Rates Steady: Setting Up for December Hike?     In an unsurprising decision, the Federal Open Market Committee (FOMC) decided today once again to keep its target federal funds rate steady at 0.25-0.50%. It was widely speculated that the FOMC would hold rates […]

Fed Holds Rates Steady: Setting Up for December Hike?

No, the Fed Doesn't Have a Plan. Yes, the Fed Really is Monetizing Government Debt

No, the Fed Doesn’t Have a Plan. Yes, the Fed Really is Monetizing Government Debt

By Jeff Deist Mises Institute September 21, 2016   No, the Fed Doesn’t Have a Plan. Yes, the Fed Really is Monetizing Government Debt   Oh, what a difference a few years make. After the Crash of ’08, the Fed entered a period of “extraordinary” monetary policy marked by large scale purchases of Treasuries and other (worse) […]


Today in History: President Nixon Closes the Gold Window

By Paul-Martin Foss Carl Menger Center August 15, 2016   Today in History: President Nixon Closes the Gold Window       45 years ago today, on August 15, 1971, President Richard Nixon officially closed the gold window. While US citizens had been forbidden from owning gold or from redeeming their gold certificates for gold […]

Today in History: President Nixon Closes the Gold Window

Ron Paul

The Path to Fed-Exit

By Ron Paul Ron Paul Institute July 25, 2016   I recently proposed that the liberty movement capitalize on Brexit with “Fed-exit”: a campaign to “secede” from the Federal Reserve. Fed-exit could be accomplished with a few simple policy changes. Passing Audit the Fed is a good first step toward Fed-exit. Contrary to the Federal Reserve’s […]


Don’t Reform the Fed, Fed-Exit! 1

By Ron Paul Ron Paul Institute July 18, 2016   Opponents of a central bank should take advantage of the post-Brexit vote revival of secessionist sentiments to promote a secession from central banking, or “Fed-exit.” Ending the Federal Reserve’s monopoly on money is the key to restoring and maintaining our liberty and prosperity. By manipulating […]

Ron Paul

Is Trump a Bigger Threat to Wall Street than Sanders?

Is Trump a Bigger Threat to Wall Street than Sanders?

By Tho Bishop Mises.org May 5, 2016   Is Trump a Bigger Threat to Wall Street than Sanders?   And then there was one. Proving once again that the endorsements of celebrities and sports heroes is more important than politicians, Donald Trump dominated the Indiana primary, prompting the official end of Ted Cruz’s and John Kasich’s campaigns. […]


Central Banks, Fiat Money, and Barter

By Paul-Martin Foss Carl Menger Center April 12, 2016   Central Banks, Fiat Money, and Barter     There have been many monetary cranks over the course of the centuries who have thought that creating more money would benefit society, and have sought to do so by creating money backed by assets. John Law’s Mississippi […]

(Image courtesy of irina slutsky/Flickr,CC)

Japan’s Wild Monetary Experiment Is Far From Over

Japan’s Wild Monetary Experiment Is Far From Over

By Brendan Brown Mises.org April 12, 2016   Japan’s Wild Monetary Experiment Is Far From Over   The leading narrative in the foreign exchange markets is told and re-told to explain how the Japanese yen has surged this year despite an ever wilder monetary experiment pursued by the Abe government. The story seems plausible to many, and […]


Sound Money and Fiscal Policy 2

By Paul-Martin Foss Carl Menger Center April 11, 2016   Sound Money and Fiscal Policy     The week before last marked my first time attending the Austrian Economics Research Conference, an annual meeting of economists of the Austrian School hosted by the Ludwig von Mises Institute in Auburn, AL. While many of the presentations […]

Sound Money and Fiscal Policy

Fed Positions Itself to Unleash Three Tools of Power Expansion

Fed Positions Itself to Unleash Three Tools of Power Expansion

By Daily Bell Staff The Daily Bell March 19, 2016   Fed Positions Itself to Unleash Three Tools of Power Expansion     “Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability … Against this backdrop, the Committee decided to maintain the target range for the federal funds rate […]


We Need the Pain that Comes with More Saving

By C. Jay Engel Mises.org March 17, 2016   We Need the Pain that Comes with More Saving   The endgame of monetary side manipulations is upon us. Since 2008, central banks have done what they thought was needed to bring the markets back from the pain they experienced during the crash. The problem, of course, is […]

We Need the Pain that Comes with More Saving

Sledgehammers

The Momentum Towards Breaking Up Banks Increases

By Paul-Martin Foss Carl Menger Center March 2, 2016   The Momentum Towards Breaking Up Banks Increases   Image: Taro Taylor   The movement to break up big Wall Street banks has been picking up steam recently. No longer just the refrain of presidential candidate Bernie Sanders and Senator Elizabeth Warren, the move to end “Too […]


Japanese Starting to Hoard Cash in Response to Negative Interest Rates

By Paul-Martin Foss Carl Menger Center February 24, 2016    Japanese Starting to Hoard Cash in Response to Negative Interest Rates     In response to the Bank of Japan’s introduction of negative interest rates, the Wall Street Journal reports that sales of personal safes to store hoarded cash are soaring. It’s an entirely predictable […]

Image: Japanexperterna.se