Wednesday, 03 September 2014

Federal Reserve

QE is a Mistake—a Big One

Posted by Gonzalo Schwarz
February 26, 2014

by Allan H. Meltzer, Carnegie Mellon University and Hoover Institution With $2.5 trillion sitting idle on bank balance sheets and more than $2 trillion additional sitting on corporate balance sheets, we should expect the Federal Reserve to ask: What can more quantitative easing—QE—do that banks and corporations cannot do without it? The right answer is […]

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The Federal Reserve vs. Small Business

Posted by Gonzalo Schwarz
June 4, 2013

By Steve H. Hanke Given all the attention that the Federal Reserve has garnered for its monetary “stimulus” programs, it’s perplexing to many that the U.S. has been mired in a credit crunch. After all, conventional wisdom tells us that the Fed’s policies, which have lowered interest rates to almost zero, should have stimulated the […]

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The Fed’s Tightening Pipe Dream

Posted by Gonzalo Schwarz
March 5, 2013

  Does the Chairman really believe that the Fed will be able to just sit back and watch the money supply unwind itself? by Peter Schiff Testifying before the US Senate this past Tuesday, Fed Chairman Ben Bernanke made an extraordinary claim about its bloated balance sheet: “We could exit without ever selling by letting […]

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The Myth of Fed Independence

Posted by Gonzalo Schwarz
March 4, 2013

by Murray N. Rothbard [Excerpted from The Case Against The Fed.] By far the most secret and least accountable operation of the federal government is not, as one might expect, the CIA, DIA, or some other super-secret intelligence agency. The CIA and other intelligence operations are under control of the Congress. They are accountable: a Congressional committee […]

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Debunking the Myths About Central Banks

Posted by Gonzalo Schwarz
March 1, 2013

By GERALD P. O’DRISCOLL JR. Myths govern modern central banking. Like many myths, they contain an element of truth that has been distorted by exaggeration and misapplication. This year marks the 100th anniversary of the U.S. Federal Reserve System—an appropriate time for some long-overdue myth-busting. The first myth is that central banks are intrinsically necessary […]

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Two Awful Anniversaries: Income Tax and Federal Reserve

Posted by Gonzalo Schwarz
February 18, 2013

by Steve Forbes This year marks the 100th anniversary of the federal income tax (February) and the Federal Reserve System (December), both of which today are doing immeasurable harm. And, thankfully, both will be undergoing enormous changes. Income taxes punish the very things we want more of: productive work, risk-taking and success. We can’t say […]

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