Posts Tagged ‘Federal Reserve’

QE is a Mistake—a Big One

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...
February 26th, 2014 | Popular Articles, Resources | Read More

The Federal Reserve vs. Small Business

The Federal Reserve vs. Small Business
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...
June 4th, 2013 | Popular Articles, Resources | Read More

The Fed’s Tightening Pipe Dream

The Fed’s Tightening Pipe Dream
  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...
March 5th, 2013 | Popular Articles, Resources | Read More

The Myth of Fed Independence

The Myth of Fed Independence
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...
March 4th, 2013 | Books, Resources | Read More

Debunking the Myths About Central Banks

Debunking the Myths About Central Banks
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...
March 1st, 2013 | Popular Articles, Resources | Read More