Tags » Monetary

Time to End Monetary Central Planning

Source: EpicTimes.com, by Richard Ebeling

There is no way to describe current Federal Reserve policy other than as monetary confusion and misdirection. In a nutshell, Janet Yellen and the other members of the Fed’s Board of Governors have no idea what to do. 267 more words

The Elite, Or “TPTB”

China staging a coup against king dollar

So the US dollar has weakened by 1% this week and the Dow Jones index is up 3.5% through Thurs.

Crude is up $5 a barrel over the week, which is roughly a 10% move and other commodities have moved in tandem including gold. 237 more words


What is the Nature, Purpose, and Impact of Monetary Policy?

The ECB’s headquarters in Frankfurt, Germany.

In this essay I shall discuss the nature, purpose and impact of monetary policy using the example of the European Central Bank (ECB), whose central objective as the core of the European System of Central Banks (ESCB), and the Eurosystem, is laid down in Article 127 (1) of the Treaty on the Functioning of the European Union (TFEU): «The primary objective […] shall be to maintain price stability» (O.J. 2,549 more words

The European Union

Fed minutes have lasted years

This afternoon we get the Fed minutes from the September “no rate rise” meeting.

I don’t expect to read any serious debate, although it may be framed that way by some chronicling the episode, since the vote only had one dissention. 355 more words


New paradigm of economic theory for a (mis)managed economy

The free markets, economics, and statistics employed to speak about the financial picture we face is so perverted by central bank debt issuance that no one including the central bankers know what is going to happen. 281 more words


My chat with Ben Bernanke

Fortuitously, I was able to have a brief discussion yesterday with former Fed chief Ben Bernanke.

He is on a media tour for his new memoir, “The Courage to Act: A Memoir of a Crisis and Its Aftermath.” Bernanke was waiting to go on Fox business channel and I was able to have a few minutes with him. 218 more words


Beating down the dollar

The latest example of the weakness in the US economy came Friday with the anemic September jobs number as well as downward revisions to prior months. 154 more words