Janet Yellen’s Fed Has The Makings Of A Potential Disaster
In 2013, President Obama nominated Janet Yellen to be the next Federal Reserve Chairman. We need to know what she stands for if we want to predict what the central bank will do to us next. Clearly,...
View ArticleThe Fed Poisons The Stock Market
The Fed has pumped trillions of dollars into the financial system since 2008. The unintended consequences of this bank bailout have spilled over into the markets. Fed money injections go directly into...
View ArticleThomas Piketty Pens Communist Manifesto for 21st Century
Keith Weiner explains, why Thomas Piketty's book and his proposition of a 80% income tax represent a new Communist Manifesto.
View ArticleEurope Stricken With Negative Deposit Rate
Keith Weiner explains that a negative deposit rate means that commercial banks pay the central bank a percentage. It is a privilege, for which they must pay. The result of the ECB operation won’t be...
View ArticleAccumulated Capital of Centuries Going Up In Smoke
According to Keith Weiner, capital adds leverage to human effort. Capital makes employment and wages possible. Keith argues that Fed destroys savings with zero interest rates, and herds savers into...
View ArticleThe Mixed Economy: Plunder And Trade
Ayn Rand argued that it is the Communists’ intention to make people think that personal success is somehow achieved at the expense of others. What can we say about the goal of the Fed’s quantitative...
View ArticleThe Fed’s Bubbles Destroy Capital
Keith Weiner explains the relationship between hoarding and lending. He advocates that interest rates should not be repressed artificially, otherwise bubbles will arise that destroy capital.
View ArticleInflation=Counterfeiting
Keith Weiner explains why Inflation is, at root, a monetary fraud, it is finally caused by an increase in the money supply. The Fed deceives us into accepting this bad paper as currency by making its...
View ArticleWhy Can’t The Fed Spot Bubbles?
The topic of whether the Federal Reserve can see bubbles in advance, and what they can do about them, is hotly debated. The price of an earning asset depends directly on the interest rate. This is...
View ArticleThree Unexpected Reasons Why We Use the Paper Dollar
Keith Weiner argues that there are 3 reasons why we use the dollar. One, people don't care about what money really is. Two, people are indoctrinated in the ideology of central planning. Three, many...
View ArticleA Gold Man In Monetarist Territory
Keith Weiner suggests that one should abstract from economic variables like CPI, U6 unemployment measure, M0 or GDP. We know that the Fed manipulates key variables of the economy; hence we live in a...
View ArticleGoethe Predicted Dollar Slavery
In 1809 Goethe wrote "None are more hopelessly enslaved than those who falsely believe they are free." According to Keith Weiner, this is today's status of American workers, stuck with debt and the...
View ArticleDid Ben Bernanke Call for Euthanasia of the Rentier or of the Pensioner?
Keynes called for “the euthanasia of the rentier” by government suppression of the interest rate (chapter 24 of General Theory). Bernanke did the same with pensioners, he threw them under a bus with...
View ArticleWho Is Worth More: Some Hedge Funds or All our Kindergartens?
"The top 25 hedge fund managers made more than all the kindergarten teachers in the country," declared President Obama in a discussion of poverty at Georgetown University. Calling them “society’s...
View ArticleHow Could the Fed Protect Us from Economic Waves?
Mainstream economists tell us that the Federal Reserve protects us from economic waves, indeed from the business cycle itself. In their view, people naturally tend to go overboard and cause wild swings...
View ArticleThe Dog That Did not Bark
In the famous Sherlock Holmes Story, the detective identified the perpetrator from the fact that a dog didn’t bark. The dog didn’t bark because it dog knew the perp. This story makes a good analogy to...
View ArticleWhat’s Different about Monetary Policy?
Keith Weiner argues that the money that many money managers make does not come from producing anything of value. It’s other people’s life savings that they are driving and eating.
View ArticleWill a GDP Futures Market Be Liquid?
At the Cato Monetary Conference, Scott Sumner said he had a “modest” proposal, that there should be a highly liquid futures market in Nominal Gross Domestic Product (NGDP). Sumner is known for his view...
View ArticleA Free Market in Interest Rates
Unless you’re living under a rock, you know that we have an administered interest rate. This means that the bureaucrats at the Federal Reserve decide what’s good for the little people. Then they impose...
View ArticleJanet Yellen Fights the Tide of Falling Interest
The Fed is going to have to take back this interest rate hike (Dec 16). The process that sets the interest rate is complex. I have written many words on its terminal decline. However, there are two...
View ArticleWhat Is Money Printing?
There is a populist idea of money printing. The idea is that banks can just print what they want, enriching themselves in a massive fraud. But, does it really work this way?
View ArticleWho Lends to the Fed?
This leads to our present question. To speak of borrowing and a ready market in which the Fed can borrow, means there is a lender. Who is the lender to the Fed?
View ArticleShould the Gold Price Keep Up with Inflation?
The popular belief is that gold is a good hedge against inflation. Owning gold will protect you from rising prices. Is that true?
View ArticleMoney Supply Arguments Are Flawed
It goes without question, among economists of the central planning mindset, that if a central bank can just set the right quantity of dollars, then the price level, GDP, unemployment, and everything...
View Article