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Federal Reserve

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Chris Mayer for The Daily Reckoning

Gaithersburg, Maryland – Let me tell you the story of Timothy Bancroft. It’s a good one, and if you haven’t heard it, I think you’ll like it. Bancroft was a smart and shrewd investor. He dodged the Panic of 1857, which he said was due to “easy mon

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Washington Post

The free money that distresses Tom Hoenig, as president of one of the Federal Reserve’s 12 regional banks, is being pumped into the economy by 2 policies of the Federal Reserve — very low interest rates and a second “quantitative easing” (printing mo

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