Federal Reserve

Archive for Federal Reserve

Does Karl Denninger Understand How Central Banks Inflate Nowadays?

Although he occasionally notices stuff that other financial bloggers have missed, Karl Denninger apparently subscribes to the motto: “Speak loudly and carry a small stick.” His latest tirade targets Ron Paul, who recently suggested (see the latter half of this video) that the Treasury just wipe away the $1.6 trillion in its debt held by […]

Michelle Bachmann Calls for a Stable Dollar and Fed Audit

Wow I am getting to be too establishment. I met this guy, Jeff Mendenhall, at last year’s Night of Clarity. He got Glenn Beck to write the forward to his new book (which I haven’t read yet but links Biblical teachings on money to our current financial environment). His wife just emailed me to let […]

On Using Models

From Mises’ Theory of Money and Credit (though it is from the later material, which was written much later than the original 1912 edition): “There are problems of theory full comprehension of which can be attained only with the aid of the theory of indirect exchange. To seek a solution of these problems, among which, […]

Ron Paul on Glenn Beck

Glenn Beck further praises Ron Paul. This is really significant, not because Glenn Beck’s opinion matters per se, but because it is a signal of how much the climate has changed among self-described conservatives. (HT2 Jessica Belle on FB)

Rorschach on Economics

Someone (sorry I’ve forgotten who it was) emailed to get my reaction to this chart posted on Zero Hedge: The obvious “fight the power” reaction to the above is to say, “Those traitorous One World banksters! They outsource manufacturing jobs in order to fatten their own bottom line.” But that’s not necessarily what’s going on. […]

Nick Rowe on Forecasting Price Inflation

[2nd UPDATE in text.] [UPDATE below.] Nick Rowe has an intriguing post that pushed me over the edge to mention something that’s been bothering me for a few weeks now. (No, I’m not talking about the rash.) Here’s Rowe: You can’t test whether core inflation is a useful indicator for a central bank to look […]

Condensed Murphy Testimony vs Kucinich

OK thanks to Steve Miller (who’s going to dance, dance, dance now that his chores are all done) for compiling my recent testimony down to 11 minutes and change. So if you were waiting for it to come out on DVD, here ya go: The exchange with Kucinich (on whether the Fed should be transferred […]

The End of QE2 and Interest Rates

Hmm another Krugman Kontradiction? Possibly, though if so, not as bad as some of the others I’ve documented. When (understandably) running a victory lap recently about his predictions on US interest rates compared to the deficit hawks, Krugman said that they came up with a bunch of ad hoc explanations after the fact, for why […]