Federal Reserve

Federal Reserve

The State, It Is Us

Federal Reserve By David Stockman.  |  March 30, 2020

Look at the world around you. It may seem like an immovable, implacable place. It is not. With the slightest push – in just the right place – it can be tipped. Read More

Their “Plan” Is to Rescue the 1%

Economy By David Stockman.  |  March 25, 2020

It is a popular delusion that the government wastes vast amounts of money through inefficiency and sloth. Enormous effort and elaborate planning are required to waste this much money. –P.J. Read More

Monetary Central Planners Only Ever Learn One Lesson

Federal Reserve By David Stockman.  |  March 20, 2020

They have exemplified the saying, “To him that hath, more shall be given; and from him that hath not, the little that he hath shall be taken away. Read More

Look Out Below

Federal Reserve By David Stockman.  |  March 3, 2020

What remains in diseases after the crisis is apt to produce relapses. Read More

Upside, Downside

Federal Reserve By David Stockman.  |  February 10, 2020

The ill effects of monetary central planning are nearly endless. Foremost among them, though, is its corruption of the financial and economic culture. There is simply no end to the rot. Read More

Wild and Crazy Monetary Central Planners

Federal Reserve By David Stockman.  |  January 13, 2020

The robb'd that smiles, steals something from the thief; he robs himself that spends a bootless grief. –William Shakespeare, Othello (~1603-04 What if they audited the Fed? It’s a good question. Read More

People, Get Ready

Federal Reserve By David Stockman.  |  January 2, 2020

Editor’s Note: Happy New Year! It’s the first trading day of 2020, and all the major equity indices are in the green… of course, the Federal Reserve’s “not QE” liquidity injections have more than a Read More

What Would Paul Volcker Do?

Federal Reserve By David Stockman.  |  December 12, 2019

To know and not to know, to be conscious of complete truthfulness while telling carefully constructed lies, to hold simultaneously two opinions which cancelled out, knowing them to be contradictory and believing in both of Read More

Easy Money Is Exhausting

Federal Reserve By David Stockman.  |  December 11, 2019

The point is there ain’t no point. – Cormac McCarthy, No Country for Old Men (2005) The Federal Reserve is out with its final interest-rate decision of the year. Read More

They Don’t Make Central Bankers Like This Anymore

Federal Reserve By David Stockman.  |  December 9, 2019

It is a sobering fact that the prominence of central banks in this century has coincided with a general tendency towards more inflation, not less. Read More