The list of losers is bigger than I thought.

The Administration’s trying to turn a sow’s ear into a silk purse.

They’re already pushing for higher rates.

Thankfully, there are lots of obstacles to a cartel.

Politicians hate limits on their taxing power

Biden wants to be even worse than Obama/Trump.

The Fed’s easy money policy is not a recipe for success.

Like John Stossel and Thomas Sowell, I’m not a big fan of the Federal Reserve. It’s not just that I’m a libertarian who fantasizes about the denationalization of money. I also think the Fed hasn’t done a good job, even by its own metrics. There’s very little doubt, for instance, that easy-money policies last decade played a major role in creating the housing […]