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Bernanke Middle Finger

Ben Bernanke Now Blogs

Ben Bernanke presided over the Federal Reserve for two terms, from 2006 through 2014. A year and half into his first term, he began driving the Federal Funds Rate down. By the end of his frantic interest episode, this key overnight lending benchmark had been crushed. It hit bottom, and it hasn’t sprung back in […]

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The Left’s New Straw Man: The Shareholder as Mafia Boss

In a recent Washington Post op-ed, Harold Meyerson, an avowed socialist, compares corporations who buy back their own shares to Las Vegas mafia bosses who used to skim casino profits.  The basis for his smear is “a recent paper by J.W. Mason, an economist at the City University of New York and a fellow at […]

federal-reserve

A Parable on The Deception of Central Banking

Central banking requires that government bureaucrats act in a way to distort the entire economic system by introducing counterfeit credit into the monetary system in such a way that businessmen are continually fooled into acting in a way that mimics the behavior of businessmen operating in an actual economic boom.

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Spontaneous Order

Central planning creates the kind of inefficiency that brought down the Soviet Union. While Americans shopped in malls full of goods, Russians waited in long lines.

Line Extrapolation Gold

Monetary Metals Brief 2015

Anyone in the world buys gold when they don’t like the interest rate offered on paper, and especially when they don’t like the rising risks.