monetary policy


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) […]

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

Today in History: President Nixon Closes the Gold Window

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 […]


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 […]

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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 […]


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. […]

Is Trump a Bigger Threat to Wall Street than Sanders?

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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 […]


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 […]

Japan’s Wild Monetary Experiment Is Far From Over

Sound Money and Fiscal Policy

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 […]


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 […]

Fed Positions Itself to Unleash Three Tools of Power Expansion

We Need the Pain that Comes with More Saving

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 […]


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 […]

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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 […]


The Fed $97.7 Billion Transfer

By Paul-Martin Foss Carl Menger Center January 19, 2016   The Fed $97.7 Billion Transfer     The Federal Reserve last week announced that it transferred $97.7 billion of its estimated 2015 net income to the US Treasury department, a new record. There are undoubtedly some people out there who see this as a great […]

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Are We Headed for Another Bust?

By Frank Shostak Mises.org January 5, 2016   Are We Headed for Another Bust?   On Wednesday December 16, 2015, Federal Reserve Bank policymakers raised the federal funds rate target by 0.25 percent to 0.5 percent for the first time since December 2008. There is the possibility that the target could be lifted gradually to 1.25 […]


Do We Need the Fed?

By Ron Paul Ron Paul Institute December 22, 2015     Do We Need the Fed?   Stocks rose Wednesday following the Federal Reserve’s announcement of the first interest rate increase since 2006. However, stocks fell just two days later. One reason the positive reaction to the Fed’s announcement did not last long is that the Fed […]

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