Federal Reserve

Federal Reserve

The “Dear Mr. Fantasy” Budget

Federal Reserve By David Stockman.  |  April 9, 2019

We must consult our means rather than our wishes. Read More

Where’s the Growth?

Federal Reserve By David Stockman.  |  April 2, 2019

Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises with debt spending. Read More

The Wisdom of Monetary Central Planning

Federal Reserve By David Stockman.  |  March 7, 2019

Wisdom, itself, is often an abstraction associated not with fact or reality but with the man who asserts it and the manner of its assertion. Read More

Step Right Up and Choose Your Black Swan…

Federal Reserve By David Stockman.  |  February 22, 2019

Shallow men believe in luck, believe in circumstances: It was somebody’s name, or he happened to be there at the time, or, it was so then, and another day it would have been otherwise. Read More

All the Cards Are on the Table

Federal Reserve By David Stockman.  |  February 19, 2019

How long will it be found necessary to pay City men so entirely out of proportion to what other servants of society commonly receive for performing social services not less useful or difficult? – John Read More

We Need Better Ideas Than These…

Federal Reserve By David Stockman.  |  February 5, 2019

Well, God give them wisdom that have it; and those that are fools, let them use their talents. Read More

A “Comprehensive” View of America’s Economy

Federal Reserve By David Stockman.  |  February 1, 2019

The man who lies to himself and listens to his own lie comes to a point that he cannot distinguish the truth within him, or around him, and so loses all respect for himself and Read More

Comfort Woman for the War Party

Federal Reserve By David Stockman.  |  January 28, 2019

Freedom of the press, if it means anything at all, means the freedom to criticize and oppose. – George Orwell, “The Prevention of Literature” (1946) They call The New York Times “The Old Gray Lady. Read More

The “Free Market” Is Dead

Federal Reserve By David Stockman.  |  January 17, 2019

To seek to organize society is just as crazy as it would be to tear a living plant to bits in order to make a new one out of the dead parts. Read More

What Will the Donald Do Next…

Federal Reserve By David Stockman.  |  January 1, 2019

Be at war with your vices, at peace with your neighbors, and let every new year find you a better man. Read More