Archive for Federal Reserve
Murphy Twin Spin
I recently was a guest on Scott Horton’s show (talking about the Fed and lockdowns) and also The Great Exchange talking about MMT.
Read moreBMS ep. 150: The Plan to Dismantle Schools and the Fed’s Alchemy
Audio here, but you should watch the video for this one:
Read moreMy Thoughts on Recent Fed Announcements
At Mises.org. An excerpt: Now what the Fed announced last week is that it will itselfenter the repo market and be prepared to offer up to $1.5 trillion in (newly created) US dollars in order to allow institutions to pledge their Treasurys as collateral and borrow such vast sums. But these transactions won’t be overnight loans; instead, the $1.5 […]
Read moreBMS Ep. 10: This One Simple Fed Trick Earns the Bankers Billions
You won’t believe what Powell did next! He didn’t know the cameras were still rolling!
Read moreMarket Monetarists: The Good, the Bad, and the Ugly
Actually my title doesn’t really make sense; I couldn’t think of anything clever. I really liked this David Beckworth post, talking about the breakdown of the Fed’s “floor system.” In fact, I liked it so much that I based my article in the forthcoming issue of The Lara-Murphy Report on it. So score +1 for […]
Read moreThe Myth of Fed Independence
My latest article is feisty. It sounds like I’m defending Trump and then…BAM! I go full Rothbard. Trump committed a faux pas with his public complaints about the Fed. But his actual “mistake” was in letting the American people in on a dirty secret: The central bank is by its very nature a political institution […]
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