Tag Archives: federal reserve
Overloaded with Debt and No Jobs to Be Had
The Federal Open Market Committee met on Tuesday and Wednesday. The masses waited with anticipation. What did they talk about? Generally, they talked about price controls. More exactly, they talked about controlling the price of the economy’s most important and … Continue reading
Clogging Up the Economy
By most accounts, as the season turned from winter to spring in 2013, economic recovery was ready to bloom. The economy’s fields had been tilled and planted with care…housing was finally on the upswing. Plus, the Federal Reserve was sprinkling … Continue reading
The Biggest Baddest Bubble of All
“The Fed is ‘like a wet blanket all over the economy,”’ said David Stockman on The Daily Ticker on Tuesday. “Everything is being micromanaged by them … they will fail and take private enterprise economy down with it.” The former … Continue reading
Open Season on Savers
Austrian economist Ludwig von Mises called it time preference. That is, the assumption that, all else being equal, people prefer attainment of a given end sooner rather than later. People prefer present satisfaction over future satisfaction. These days’ people’s time … Continue reading
