By all indications by year end we will be granted a reprieve from listening to Secretary Geithner's outrageous claims about how the bailouts, largely engineered from his perch as the President of the New York Fed, saved the world from absolute financial Armageddon. To Geithner anyone who…
I was recently interviewed for the New York Times article 0.2% Interest? You Bet We'll Complain. Fed board governor Sarah Bloom Raskin said in prepared remarks: [M]any households are benefiting from the low level of interest rates […] [H]ouseholds have been able to refinance their mortgages into…
Was the subject assigned to me for my "Tea Lecture" to congressional staffers last week. The lecture is one of a series being sponsored by Ron Paul's office. The true story of the Fed's origins needs to be more widely known, so please do pass it on!
For those who prefer a brief summary, or just like watching stuff on their computer, here is the video of my November Cato Monetary Conference presentation.
Free bankers like to claim Walter Bagehot, the British essayist and former (and most famous) editor-in-chief of The Economist, as one of their own. And they well ought to, for there can be no disputing the fact that Lombard Street, Bagehot's celebrated "description of the [London] money…