Category: Op Ed

Fractional Reserve Multiplier Fiction

December 22nd, 2014
in Op Ed

Or, put differently, can firms, individuals or households borrow from the central bank? The answer for modern central banks is: no. more »

Oil Crash Continues

December 21st, 2014
in Op Ed

It's been a couple of weeks since I recorded my original Oil Crash Rant, and a ton of action has gone down in the interim, so it's time for an Update! more »

More Evidence the Fed Has Been a Failure

December 20th, 2014
in Op Ed

More evidence which supports a yes answer to the question "Has the Fed Been a Failure?" (Cato Institute Working Paper No. 2 (December). Thomas L. Hogan writing on the Sound Money Project blog highlights his forthcoming paper in the Journal of Macroeconomics, "Has the Fed Improved more »

Welcome to the New Depression

December 20th, 2014
in Op Ed

The United States is living through an economic depression that began in 2007. It's part of a larger global depression, the first since the 1930s. This New Depression will continue indefinitely unless policy changes are made in the years ahead. more »

The Leeches Want to Cure Anemia

December 19th, 2014
in Op Ed

We've keep hoping you Brits, being older than us, also would be wiser. So, we published: How the debt hawks will destroy the U.K. Monday, Jun 7 2010 and Foolishness across the ocean. Will the UK attempt mass economic suicide? Monday, Oct 31 2011 and How the UK teaches more »

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