Currently viewing the tag: "Federal Reserve"
The media’s portrayal of the debt ceiling debate is essentially the same kind of scare mongering that preceded the 2008 Bush bail outs. This time, we are told that the federal government’s credit rating would plummet and interest rates would skyrocket.
But what sense does that make? First of all, maxing out your credit limit [...]
Webster’s dictionary had defined “inflation” as “an increase in the amount of currency in circulation resulting in a relatively sharp and sudden fall in its value and a rise in prices.”
Today, it calls inflation “a continuing rise in the general price level usually attributed to an increase in the volume of money and [...]
Especially after the previous month’s very informative interview with Robert Higgs about the Great Depression, I was excited to hear Russ Roberts tear through the Keynesian policy prescriptions of professor Steve Fazzari on an old “EconTalk” podcast from early 2009.
However, Roberts stumbled to make a solid counter to Fazzari’s “paradox of [...]
In Karl Marx’s and Frederick Engels’ early portrayal of communism, they envisioned an end to the artificial scarcity and economic turbulence they believed was set in place by the private ownership of capital. No longer would an individual be confined to an “exclusive sphere of activity, which is forced upon him and from which he [...]
As the famous nursery rhyme goes, “Ring around the rosey, // A pocket full of posies // ashes, ashes. // We all fall down.” So the scare goes, which some believe will happen when or if the federal and state governments collapse. (As far as I have read, the rhyme was created around the time [...]
The phrase “tilting at windmills” is often meant as a swipe at someone who incorrectly perceives a non-existent or idealized enemy and pursues a course of action based on that misunderstanding. The phrase was inspired by the the character Don Quixote, who battles make-believe giants taking the form of windmills dotting the countryside [...]
My discomfort with so many of the state and national “liberty” candidates for office is their general willingness to appeal to collectivism on issues like immigration, otherwise known as “moving.” Even Ron Paul was plagued by this, in part to be taken seriously by Republican voters. Of course, I may be too cynical in [...]
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The ‘Terrorism’ Creep
The response from politicians to the WikiLeaks dump of American embassy cables has been almost universal condemnation, save of course for Ron Paul, who somewhat facetiously made a public request of WikiLeaks founder Julian Assange to release undisclosed Federal Reserve agreements with foreign governments.
Predictably, you have the Obama administration calling the release [...]