The Fed has owned no gold since 1934, when the Fed handed over all its gold in exchange for gold certificates.
Category: Religon
The Fed is warping the shape of the yield curve
As the Federal Reserve manipulates the money supply and interest rates, the yield curve becomes a less reliable indicator of economic activity. The more the Fed plays havoc with the system, the more we see the boom-and-bust syndrome.
Yankees vs. Cowboys: Rothbardian elite theory on Watergate
Published in July 1974, Murray Rothbard provides elite theory analysis of Watergate after the selection of Nelson Rockefeller as Gerald Ford’s Vice President.
Money-Supply Growth Accelerates as Wall Street Demands Even More Easy Money
The current trend in money-supply growth is a big turnaround from the many months of depression-level contractions we saw in 2022 and 2023.
Americans are poorer: the United States Misery Index rises again
The problem for most Americans is that it is increasingly difficult to make ends meet despite record government spending, or because of its negative impact on inflation and taxes.