Homines libenter quod volunt credunt
Posted in Macroeconomics on May 14th, 2008
The answer is probably no. And you’ll get a kick out of this: The Board is audited annually by a major public accounting firm. In addition, the Government Accountability Office (GAO) generally exercises its authority to conduct a number of reviews each year to look at specific aspects of the Federal Reserve’s activities. The audit […]
Posted in Corporatism, You Can't Have it Both Ways on Apr 17th, 2008
The following is my editing, rewriting and excerpting various portions of a 1995 publication by my colleague Walker Todd entitled, “The Federal Reserve and the Rise of the Corporate State.” Many of the issues that had been at the forefront of Anglo-American constitutional and economic debates from the time of Francis Bacon (early 17th century) onward were […]
Posted in Corporatism on Apr 3rd, 2008
Learn about how the Fed has completely over-reached its statutory authority and is laying waste to the U.S. Constitution. We The People don’t seem to understand, or care, for that matter.
Posted in Inflation, Macroeconomics, You Can't Have it Both Ways on Mar 25th, 2008
On the balance sheet of the U.S. Federal Reserve you will find the following line item: “Notes and bonds, inflation-indexed.”
Posted in Macroeconomics on Mar 18th, 2008
Read about it here.
Posted in Inflation on Mar 13th, 2008
It looks like this:
Posted in Inflation on Feb 22nd, 2008
The fine folks at KTAR in Phoenix had me on for an interview to respond to the release of the Fed’s January FOMC meeting minutes. Nothing all that groundbreaking. It would have been nice to have time to talk about Milton Friedman.