Step-change at the Fed – Reaching for the stars
The Federal Reserve has changed the emphasis of their dual mandate Inflation targeting will become more flexible in the long-run Full employment has…
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An interesting animation on Rothbard’s theory of the Great Depression
This is well worth watching and nicely animates the analysis in Rothbard’s classic “America’s Great Depression”.
Read MoreWhy the US Economy Is Stronger Than the Eurozone’s
The United States is showing resiliency and strength compared with other leading economies worldwide. The impact of the covid-19 forced shutdown crisis is lower in the United States…
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…
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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…
Read MoreThe Fed and asset bubbles
In his speech on April 7 2010 at the Economic Club of New York the President of the New York Fed, William Dudley argued…
Read MoreStockman: Now It Begins—America’s State Wreck Gathers Steam, Part 1
Now it begins. They bought the February 8th dip just like the previous 40 odd plungelets in the stock averages since the March 2009 bottom, expecting another…
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Stockman: Good Riddance! How “Opioid Janet” Got Wall Street Hooked On Monetary Heroin, Part 2
Janet Yellen deserves exactly none of the adulation being conferred upon her tenure by the mainstream financial press. In fact, her reign will be judged…
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Stockman: Good Riddance, Janet, You Were A Colossal Failure, Part 1
This is one for the record books. During Janet Yellen’s last week in office, the Dow dropped by 1,095points or 4.1%. But by her lights, apparently, that wasn’t…
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