The Federal Reserve has embarked on a perilous journey of quantitative easing.  On 18 March 2009 I predicted the Federal Reserve Will Fail With Quantitative Easing.
In the June 2009 Special Issue from Sprott Asset Management the billionaire Eric Sprott declared, “The Federal Reserve’s policy of Quantitative Easing is failing.  The US budget is ludicrous, spending [...]

On Thursday the Fed announced that it will end or significantly curb the use of three emergency programs that it had been using to provide cash to brokers and money-market funds.
The developments are additional signs that the Fed sees improving financial markets and that it will begin honoring its promise to back out of its [...]

Gregory Mankiw, professor of court economics at Harvard and economic advisor to President George W. Bush, proposed negative interest rates in a recent New York Times article.  Mike Shedlock, a prominent financial commentator has appropriately weighed in 19 March with Time For Mankiw To Resign and again on 21 March with Economist Mankiw Defends Policy of [...]

This is a copy of the letter I originally emailed to the President, several key Congressmen and women, and news agencies, with no response. I am now sending it out to everyone I can, hoping it won’t be discounted before someone qualified will take a moment, to investigate and evaluate the concepts. For all our [...]

According to Wikipedia “A Youngling that successfully completes their respective level of training undergoes Padawan apprentice training under the tutelage of a Jedi Knight or Jedi Master. In a rite of passage, Padawans must build their own lightsabers as a final test.”
While in Minnesota about six months ago I was approached about tutoring a high school senior [...]

Amidst the madness (March and otherwise), around America we have been seeing signs of outrage at all sorts of characters, from our elected officials to AIG execs to foreclosure auctioneers. Indeed worldwide, the signs of growing unrest amongst the populace are beginning to spread. But while people are angered by all sorts of errors, [...]

“How is the Fed’s performance in the present economy,” asks The Citizen Economists’ Poll. “They’re doing excellent,” say a sarcastic and/or deranged 5 percent of respondents. Twenty-one percent say they’re “doing okay,” and another 12 percent say “pretty good.” But the most popular answer is “horrible,” which leads polling with 30 percent, and the second-place [...]

To partisans of the Austrian theory of the business cycle, the cause of the current financial crisis is as plain as day — and that’s why we’ve been predicting it for years. You would think that the neo-Keynesians, monetarists, and Marxists who made fun of us Austrians in 2006 and 2007, and said we’d never [...]

A recent headline at CNN.com said “Fed bails out GMAC with $6 billion.” Since I had heard it was the Treasury department funding the GMAC giveaway, I had to check the story to make sure this wasn’t another $6 billion being thrown down the drain. Fortunately, CNN just got it wrong: it was the feds [...]

The New York Times published an article today placing blame on the Bush Administration for the current (latest) global economic meltdown.  The staff piece recounts the actions of George Bush- in championing home ownership, in allowing banks, brokers, and finance companies to expand home lending, and in failing to reform Fannie Mae and Freddie Mac- and [...]