Why Paul Krugman Should Refuse to Debate Robert Murphy

Written by Gary North on September 28, 2012

In 2011, free-market economist Robert Murphy got a very good idea. He challenged Keynesian economist, Princeton University professor, and Nobel Prize winner Paul Krugman to a public debate. Krugman is also a columnist for the New York Times, and as such, is the reigning spokesman for the Keynesian world among non-economists who read the New […]

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Loss of Faith in the Federal Reserve Is Spreading

Written by Gary North on January 16, 2012

For almost a century, the Federal Reserve has been given the benefit of the doubt by Congress. The voters had not heard about it. Today, this is changing. Most voters don’t have an opinion, but literate voters do. This view is turning negative. Alan Greenspan resigned just five years ago. Those were the good old […]

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TARPed: How Congress Bailed Out Big Bank Shareholders

Written by Gary North on January 4, 2012

The story of the TARP bailout is the story of how the Federal Reserve bailed out the banks a week after the government had bailed out the banks’ shareholders. The FED could have intervened a week earlier. It didn’t. It kept the biggest banks in business, so that their shareholders would avoid losing everything. Let’s […]

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Ben Bernanke’s Secret Meeting: A Bombshell

Written by Gary North on December 15, 2011

Ben Bernanke met behind closed doors yesterday with Republican Senators. I never remember any Federal Reserve chairman meeting this way with members of one political party. His remarks are not posted on the website of the Federal Reserve. This, too, is unheard of. At the meeting, he assured the Senators that the Federal Reserve System […]

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FED Inflation Will Fail, Say Two FED Presidents

Written by Gary North on December 5, 2011

What’s  this? Creeping sanity at the FED? Well, at least at the Dallas FED. The U.S. Federal Reserve and other central banks must not succumb to calls for additional help from monetary authorities in the face of high budget deficits, two top Fed officials said on Friday. Using the Fed as a printing press to […]

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A Johnny Cash Parody: “I’d End the FED”

Written by Gary North on November 30, 2011

YouTube lets creative people have a shot at fame. This music video gets across a point: it is unwise to trust the Federal Reserve System. Bernanke will not be amused. Its theology isn’t on-target, but its economics are. When little people can put together videos like this and post them, this puts the Establishment on […]

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Why We Will NOT Get Hyperinflation, Unless. . . .

Written by Gary North on November 15, 2011

Hyperinflation is triple-digit annual price inflation. I think it’s anything above 25%. Mass inflation is anything above 15% but below 25%. We are going to get mass inflation. We are not going to get hyperinflation. Why am I so “optimistic”? Because I see that the Federal Reserve Chairman Ben Bernanke is now caught in a […]

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