Summary: We live in an age of wonders, in which things unforeseen — even unimagined — become daily fare for the news, or remain unremarked. This is the second chapter in this series, attempting to open your eyes to the amazing things taking place. Today we have a guest post by Nathan Lewis looking at …
The World of Wonders: Monetary Magic applied to cure America’s economic ills Read More »
Summary: Although one of the most power agencies of the US government, obsessively discussed in the financial news, it remains one of the least well understood. Here we examine the limitations on its power. Readers can decide for themselves if these limitations are too tight, or too loose. Next in a series about Central Banks, …
What are the limitations of the Fed’s power? It’s neither impotent nor omnipotent! Read More »
Summary:  The last act of the EMU’s death throes has begun. We already knew the two possible endings: further unification or fragmentation. Now we can see far enough to guess about when and how it will end. Probably in a crisis, in which the odds of policy errors will be high — and the odds …
Summary: The Federal Reserve has become one of the most powerful government agencies, operating almost free of checks and balances. Worse, it represents one of the most outrageous examples of regulatory capture, private interests taking control of agencies intended to supervise them. Today we have Michael Hudson to explain to use the significance of these events. An …
What every American needs to know about the Federal Reserve System Read More »
Summary: There have been megabytes of analysis of the Fed’s second quantitative easing program (QE2), most of which overlooks some important points. See the links at the end for more information. Some important things to know about QE2: QE2 is a desperate act by the Fed Expect QE2 to be late, slow, and small Don’t expect …
Important things to know about QE2 (forewarned is forearmed) Read More »
