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Green Magic: Keynesian Forecasts

Posted on November 6, 2014

By David Stockman The information flow in a $17 trillion economy is far too vast to be digested and assessed by the 12 mortal members of the FOMC, and their policy control instrument—-the bludgeon of interest rate manipulations—-could not  possibly shape its short-run course in any event. That’s especially true since the macro-economy is not […]

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Greenspan on Gold: It Will Rise in Price

Posted on October 29, 2014

By Axel Merk Greenspan participated on a panel at the New Orleans Investment Conference last Saturday. Below I provide a couple of his quotes and expand on what are the potential implications for investors. Greenspan: “The Gold standard is not possible in a welfare state” The U.S. provides more welfare benefits nowadays than a decade […]

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Murray Rothbard, 1; Jim Willie, 0

Written by Gary North on September 26, 2014

One year ago, Jim Willie made a big mistake. He wrote off Murray Rothbard as a dolt. He did not mention Rothbard by name. He was too smart for that. He simply dismissed Rothbard’s description of how the Federal Reserve System works. Jim Willie thought he knew better. I warned him about this. He ignored […]

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How to Spot a FED Rate Hike . . . and Therefore the Next Recession

Posted on September 20, 2014

This article makes sense, but only if (1) the FED has a strategy for raising rates, and (2) this strategy will work. Don’t assume either one. Market observers are parsing every comment from the Federal Reserve (Fed)’s most recent statement and Fed Chair Janet Yellen’s accompanying press conference, trying to determine where the Fed’s words […]

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President Obama Announces Operation Enduring Burden

Written by Gary North on September 11, 2014

On the evening of September 10, President Obama delivered a speech on ISIL, as he calls it, which everyone else calls ISIS. Here is his problem. ISIS stands for Islamic State of Iraq and Syria. ISIL stands for Islamic State of Iraq and the Levant. Hardly any American knows what the Levant is. It’s the […]

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Federal Reserve Reports on the Failure of the Federal Reserve

Written by Gary North on September 5, 2014

The media are full of stories about a recent article in the Federal Reserve Bulletin (Sept. 2014) on how poor people got poorer, 2010-13, while rich people got richer. The article is titled, “Changes in U.S. Family Finances from 2010 to 2013: Evidence from the Survey of Consumer Finances.” What the media systematically neglect to […]

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The Official Counterfeiter: A Cartoon Booklet For Congress

Written by Gary North on July 31, 2014

Back in 1969, Vic Lockman published a cartoon booklet exposing the Federal Reserve System. Lockman was a cartoonist for Disney. He did not do the final cartoons. He wrote the story lines and provided accompanying cartoons. Then the in-house Disney cartoonists re-drew them. Lockman had been reading my essays on the Federal Reserve. He created […]

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