Politicians need less control over our money, not more.
Daily Analysis
Alternative Currencies Such as Bitcoin Are a Valuable Insurance Policy against Feckless Government
Bad government polices make bitcoin necessary.
The Potentially Big Downside Risks of Easy Money, QE, and Artificially Low Interest Rates
A London central banker was refreshingly candid about the dangers of easy money.
Are Easy-Money Policies an Obstacle to Genuinely Needed Pro-Growth Reforms?
There is good reason to be concerned about economic stagnation.
Can We Envision a World without a Central Bank?
I’ve expressed concern about QE3 and other decisions by the Federal Reserve about monetary policy, but I have also admitted that it’s difficult to know the right monetary policy because it requires having a good idea about both the demand for money and the supply of…
QE3: A Risky Ploy to Solve the Problems of Bad Fiscal Policy with Bad Monetary Policy
For all intents and purposes, Bernanke has said that the Fed is going to relentlessly focus on the variable it can’t control (employment) at the risk of causing bad news for the variable it can control (inflation). Since that hasn’t worked in the past, it presumably…
If We Can’t End the Fed, Can We at Least Subject It to Competition?
Ron Paul has made “End the Fed” a popular slogan, but some people worry that this is a radical untested idea. In part, this is because it is human nature to fear the unknown. But there are plenty of examples of policy reforms that used to be considered radical but are…
The Gold Standard Is a Good System, but Governments Can’t Be Trusted to Operate It Honestly
I’ve linked before to Professor George Selgin’s masterful video on the Federal Reserve’s horrible track record, and I’ve done my own video on the origin of central banking. These types of posts often generate questions about what reforms we should support, and a lot…
Ten Reasons to Dislike the Federal Reserve
Nothing compares to the depth and substance of Professor George Selgin’s scholarly take-down of the Federal Reserve, but this video by a local libertarian has a very authentic feel. Julie lists 10 reasons to dislike the Fed. 1. The Fed has too much power. 2. The…
The Federal Reserve, the “Twist,” Inflation, QE3, and Pushing on a String
In a move that some are calling QE3, the Federal Reserve announced yesterday that it will engage in a policy called “the twist” – selling short-term bonds and buying long-term bonds in hopes of artificially reducing long-term interest rates. If successful, this policy…