Federal Reserve

CNBC reports:

The Fed more or less met market expectations for this meeting, though some traders thought ...

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More retro Rule 5 Sunday Monday!
"[Sound Money] is the system that government does not want us to have, because it provides no special favors for enhancing state power. Sound money shackles the government to the will of the people and not vice versa."

Google disabled my AdSense account because of my Rule 5 posts last week, so I'm going to be making some changes. This post, for example, isn't nearly so risqué as I've posted before. Get the full details (later this evening) here: Rule 5 Update.

Anyway … Enjoy infamous Rule 5 Sunday!

"The Fed's aggressive pumping policies highlight the destructive nature of loose money. Popular mainstream theories aside, the actions of the Fed have proven that monetary pumping cannot grow an economy. It can only set in motion a process of destruction."

We frequently hear the financial press refer to the U.S. dollar as the “world’s reserve currency,” implying that ...

It's Rule 5 Sunday Monday!

"It is true that a free banking environment is an agent of wealth promotion … However, it is overlooked by the opponents of the Volcker rule that the present banking system has nothing to do with free banking and thus a free market."
 

It's Rule 5 Saturday!

This, seriously, has to be the greatest speech ever given at the Federal Reserve. Read it. Read it twice. Three times. Robert Wenzel is a true American hero!

" … I ask you, I plead with you, I beg you all, walk out of here with me, never to come back. It's the moral and ethical thing to do. Nothing good goes on in this place. Let's lock the doors and leave the building to the spiders, moths, and four-legged rats."
New York Fed: Leave the Building!

It's Rule 5 Saturday!

"[E]asy money leads to the impoverishment of the middle and lower classes and ...

Champion of freedom and stalwart of the Old Right, Garet Garrett, begins his 1954 classic, ...

The Federal Reserve System (Fed), a creature of the Progressive Era no less, enjoys wide support ...

Treasury Secretary Timothy Geithner ...

After issuing $32 billion of new 2-year bonds last Tuesday, the U.S. debt to GDP ratio hit 101%. Quietly. I guess the mainstream media was too busy arguing over contraceptives to bother reporting that we're on the road to Greece.

Oh, and surprise! The "federal government [will most likely] hit the debt ceiling sooner than expected."

Sweet, huh?

Who's going to bail out the U.S. when the inevitable default happens?

It's Rule 5 Saturday!
The Real Solution to the Debt Problem...

It's a shame that people living in a country founded in suspicion of political power has grown to ...

Paul Krugman put the "basic logic" of Keynesian economic theory on full display this weekend. Check it out....

It's Rule 5 Sunday!
Day of Reckoning...

On NBC's "Meet the Press" Sunday, former US Federal Reserve Chairman Alan Greenspan actually told the truth. Really. ...

So, how did that "debt-ceiling deal" work out for you?

What's that you say? You got jacked ...

It never ceases to amaze (and frustrate) me how when it comes to government, most people assume common ...