Tag Archives: Federal Reserve System

The illusion of stock market prosperity

The ups and downs of the stock market is reported daily, hourly – continuously on some news channels. Stock markets are seen as indicators of the overall economy. A rising stock market means prosperity, and a falling stock market spells … Continue reading

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“Leave the building to the rats”

Let’s have one good meal here. Let’s make it a feast. Then I ask you, I plead with you, I beg you all, walk out of here with me, never to come back. It’s the moral and ethical thing to … Continue reading

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Thank goodness this is satire

For several years now, the Fed has been making money available to the financial sector at near-zero interest rates. Big banks and hedge funds, among others, have taken this cheap money and invested it in securities with high yields. This … Continue reading

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The parable of the broken traffic lights

A parable seems appropriate for a Sunday. Steve Horwitz, writing at The Freeman, explains the Austrian perspective on booms and busts using traffic lights all set on green, causing city-wide accidents: Of course robust economies can mask underlying discoordination for … Continue reading

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Who predicted the Great Recession?

As I discussed in a recent post, we need to be sure what caused the Great Recession if we are to decide upon the best means to return to a growing economy and reduce unemployment. In this light, it’s worth … Continue reading

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Overdose: The Next Financial Crisis

The following documentary, Overdose, offers a more coherent explanation of the housing boom and bust than any other documentary I’ve seen thus far. The mainstream broadcast media in the UK has barely touched on the themes in this documentary, and they … Continue reading

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Tom Woods on the causes of the crisis

For those with the spare time, this is a great and enjoyable lecture by Thomas Woods, explaining the causes of the economic crisis we are in. He rightly places the blame at the policies (and indeed, the existence of) the US Federal … Continue reading

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