Why the Fed Should Not Accommodate Increases in the Demand for Money
• https://mises.org, Frank ShostakThrough the ongoing process of exchange, people eventually settled on gold as their preferred medium of exchange.
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Through the ongoing process of exchange, people eventually settled on gold as their preferred medium of exchange.
Peter Schiff on plunging retail sales, sticky inflation, the Fed's stealth QE, and why the world is now leaving the dollar standard.
Peter Schiff breaks down July's negative jobs report, Japan's yen crisis, and the Fed's stealth QE bailout as gold and silver surge.
Between the market's reaction to Warsh's recent no-rate-hike announcement and the current disaster unfolding with the Japanese yen, the set-up for near-term "Uh-Oh" in stocks and bonds in general–and the longer-term wisdom in precious metal
The Fed talked tough and did nothing. The 30-year hit a 20-year high. The Dow fell 1,100 points. Gold was the only thing left standing.
The New York Fed executed the sales on the Treasury's behalf, through Goldman Sachs and Morgan Stanley.
Money Supply is a very important indicator.
For most economists, the key to healthy economic fundamentals is price stability.
Federal Reserve Vice Chair Philip Jefferson told an audience at Stanford University on July 16 that monetary policy is facing a "delicate balancing act," as overlapping shocks from the Middle East conflict, post-pandemic imbalances...
The implicit notion–extant on both ends of the Accela Corridor - that the present financing arrangements for the $31 trillion of publicly held US Treasuries represent the natural order of things in the financial markets is just damn nonsense.
The Federal Reserve's July Monetary Policy Report, delivered to Congress last week, describes an economy running hotter than officials would like even as growth cools at the edges.
New York Federal Reserve President John Williams now says inflation has likely peaked and that monetary policy is "well positioned" to bring inflation back toward the Fed's 2% objective.
In 1914 the Fed ran on 40 people and no computers. Today it takes 23,000. Fire them all and let AI do it... it can't do any worse.
"All gold is present and account for..."
Fed Chair Warsh (voter) will deliver his first semi-annual testimony as Fed Chair to the House. Warsh' text was e released at 08:30EDT (link here) and he is scheduled to begin his testimony at 10:00EDT.
A few participants told colleagues they saw a case for raising rates at this meeting but chose to support the hold anyway. Looking further out, the split widened.
The BlackRock story is not a footnote. It is a warning flare over a $1.8 trillion market that has been operating with the discipline of a casino back office.
Former Federal Reserve Chairman Alan Greenspan passed away last week at the age of 100. Greenspan chaired the Fed from 1987 through 2006.
The financial world changed last week.
And, although there was plenty of respect for Greenspan as a person from more establishment-friendly sources, broadly, the consensus on his performance as Fed Chair ran from mixed to negative.
Celebrated opponent of the Fed, G. Edward Griffin, joins the Liberty Report for the first time to take a look at the new Fed Chairman, the war on sound money, and the tightening grip of the swamp monsters on our freedom.
Inflation has quietly drained a third of your dollar's value in six years -- and the real thief isn't who you've been told. Here's the scam taking your savings, and how to end up on the right side of it.
Greenspan passed away at their home in Washington, D.C., from complications of Parkinson's disease.
GLJ Research's Gordon Johnson is one of my favorite analysts on the street to read and gets a rare endorsement from me (I hate basically everyone selling sell-side style research) because, like my friend Mark Spiegel, he is one of the last few anal
The latest figures show the money supply growing at its fastest pace in over four years, with consumer prices climbing right alongside it.
Kevin Warsh's debut Fed meeting brought no rate change but plenty of institutional change. The new chairman appears eager to rethink how the Fed operates.
The US House and Senate have reached a deal to move forward with a housing bill that includes a ban on the Federal Reserve creating a central bank digital currency (CBDC) until 2030.