The Dangers of an Independent Federal Reserve System
While Federal Reserve Chairman Jerome Powell is widely regarded by markets as having caved in to President Trump and having agreed to tone down the Fed’s rate hikes in 2019, some of his other...
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While Federal Reserve Chairman Jerome Powell is widely regarded by markets as having caved in to President Trump and having agreed to tone down the Fed’s rate hikes in 2019, some of his other...
We’ve been saying for years that the US dollar will eventually be replaced as the world’s reserve currency But it’s only now that world financial authorities are admitting the obvious With the...
One indicator that market analysts look to for signs of an impending recession is an inverted yield curve Because of uncertainty about the future, investors demand more yield from longer-term...
Russia has announced its decision to forgo use of the US dollar in response to US sanctions against the country While the Russian government would prefer not to have to take that measure, it feels...
One of the more disappointing aspects of President Trump’s tenure is the evolution of his criticism of the Federal Reserve System While candidate Trump rightfully criticized the Fed for...
Gold has been almost universally derided by governments in recent decades Finally freed from the strictures of the gold standard, central banks and governments around the world have done their best...
Stock markets have been topsy-turvy in recent weeks, with investors continuing to remain nervous about the direction of markets as interest rates continue to rise President Trump has blamed the...
Those of us who criticize the Federal Reserve’s conduct of monetary policy are often ignored and sidelined during boom times We’re supposedly the ones who are crashing the party, harshing the...
For decades, stock markets have been viewed as proxies for the strength of the economy The higher stock market indexes go, the stronger the economy is deemed to be The most famous index, of course,...
One thing that’s almost universally true of the financial media is that they are ignorant of economics Read just about any financial commentator and you’ll find articles chock full of bad...
Only a few days before Fed Chairman Jerome Powell is set to deliver his first address to the Kansas City Fed’s annual Jackson Hole summer gathering, President Trump has made it increasingly clear...
You would think that with a national debt over $21 trillion and continuing to climb every day that the federal government would get serious about cutting back on spending sometime, but oh no More and...
Last week marked the 242nd anniversary of the signing of the Declaration of Independence, which began one of the greatest experiments in liberty the world has ever seen But while we can see with...
Market events this week have made even the most bullish individuals realize that the US economy isn’t what it used to be In an attempt to ensure “fair trade,” President Trump placed a 25...
Monetary policy is one of those topics that only a handful of people ever devote much time to studying Most people ignore central banks during good times and beg them to intervene during bad times...
No matter which way stock markets are moving, there are always people trying to understand why they go up or down, or which way they’ll move in the future It can be tough to weed out the important...
We haven’t heard its name bandied about much in recent years, but that doesn’t mean it isn’t still a major threat: inflation As John Maynard Keynes once wrote: Lenin is said to have declared...