Gold and Free Banking versus Central Banking
In spite of the officially declared “independence” of the Federal Reserve from the immediate political control of either Congress or the White House, America’s…
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Explaining the credit cycle
This article summarises why the credit cycle leads to alternate booms and slumps. It is only with this in mind that they can be…
Read MoreWhy the MSM Hates Judy Shelton
By the Robert Aro at the Mises Institute Imagine if a member of the Federal Reserve Board of Governors said the following: When governments manipulate exchange rates to…
Read MoreNomination for the Board of Governors of the Federal Reserve
We read the news today that Judy Shelton has been approved by the Senate Banking Committee. This means that the full Senate can vote…
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Money Supply Growth in May Again Surges to an All-Time High
Money supply growth surged to another all-time high in May, following April’s all-time high that came in the wake of unprecedented quantitative easing, central…
Read MoreEurope’s Bailouts Risk a Full-Blown Financial Crisis
The measures implemented by governments in the eurozone have one common denominator: a massive increase in debt from governments and the private sector. Loans…
Read MoreWhy the present monetary system is heading for a breakdown
Most economists hold that a growing economy requires a growing money stock, on grounds that growth gives rise to a greater demand for money,…
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The Chain Reaction Is Now In Process
Much has been written about the economic consequences of Covid-19, yet, just as in many of the analyses of the Great Depression and the…
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After the flood – Beyond fiscal and monetary intervention
Monetary and fiscal stimulus to ameliorate the effect of the pandemic has exceeded $9trln Stock markets have recovered, although most are below their…
Read MoreFed Accountability Is a Farce
By Robert Aro The Fed claims they are “accountable to the public and the U.S. Congress.” But what good is accountability, if the public…
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