federal reserve

The stock market has been soaring, unemployment is low, and there is some improvement in wages and corporate earnings, though significantly less than from other recession recoveries.

For generations, one of the great joys in life has been watching Roadrunner cartoons, during which the Roadrunner always manages to find a way to trick Wile E. Coyote into running off a massive cliff.

Truth in Accounting’s latest “Financial State of the States” rankings placed Illinois in 49th place—barely beating out New Jersey. The Prairie State was labeled a “Sinkhole State” and earned a “financial grade” of “F.”

When will Paul Krugman adapt to reality?

What we now know to have been one of the worst economic and financial crises of the post-World War II period began about ten years ago in 2007.

On August 11, 2017, the Wall Street Journal carried a front-page article on the Fed, raising a question of its storage of gold.

For a century now, American law has recognized the freedom of the parties to a contract to agree to submit disputes to arbitration.

For more than two hundred years, practically all of even the most free market advocates have assumed that money and banking were different from other types of goods and markets.

For years the Federal Reserve and many other central banks around the world have declared that a key element of monetary policy is the targeting of a two percent rate of annual price inflation.

For decades and decades in Washington, D.C., members of both political Parties have time and again thrown at us the Groucho Marx quote: “Who are you going to believe, me or your lying eyes?”

Host Donny Kendal is going lone wolf in episode #66 of the In The Tank Podcast. Today’s podcast features work from the Cato Institute, the Mises Institute, and the Heartland Institute.

Last week, Federal Reserve Board Chairman Janet Yellen was awarded the Radcliffe Medal at Harvard’s Radcliffe Institute for Advanced Study. At a lunch in Yellen’s honor, Lizabeth Cohen, dean of the institute, praised the Fed chair’s “steadfast commitment to robust growth” and the way the she “steers our economy,” guided by the philosophy of her Yale mentor, Keynesian economist James Tobin.

There is no way to describe current Federal Reserve policy other than as monetary confusion and misdirection. In a nutshell, Janet Yellen and the other members of the Fed’s Board of Governors have no idea what to do. Do they raise certain interest rates over which they have some direct influence? Do they keep them at their current rock bottom levels, as they have for the last six years?