Category: Central Banks
The analysis published under this category are as follows.
Saturday, November 14, 2009
Origins of the Federal Reserve Banking System / Interest-Rates / Central Banks
By: Murray_N_Rothbard
The Progressive Movement
The Federal Reserve Act of December 23, 1913, was part and parcel of the wave of Progressive legislation on local, state, and federal levels of government that began about 1900. Progressivism was a bipartisan movement that, in the course of the first two decades of the 20th century, transformed the American economy and society from one of roughly laissez-faire to one of centralized statism.
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Wednesday, November 04, 2009
Central Banksterism / Politics / Central Banks
By: Gary_North
I have presented the basics of monetary theory, as developed by Austrian School economists. A distinct Austrian School theory of money goes back to Ludwig von Mises' book, The Theory of Money and Credit (1912). Mises amplified this theory over the years until its culmination in Human Action (1949). His disciple, Murray Rothbard, extended Mises' analysis in a series of books, most notably chapter 11 of Man, Economy, and State (1962), America's Great Depression (1963), What Has Government Done to Our Money? (1964), and The Mystery of Banking (1983).
Wednesday, October 28, 2009
The Fed Saves the Nation / Politics / Central Banks
By: Stephen_Merrill
Federal Reserve Chairman Ben Bernanke gets more than his share of grief. He is, after all, just the present grand master for the Keynesian policies that have ruled Washington since the days of Herbert Hoover.
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Monday, October 26, 2009
Audit the Fed, Anything Less Than Full Disclosure is Unacceptable / Politics / Central Banks
By: Dr_Ron_Paul
Last week a new bill was introduced in the Senate to audit the Federal Reserve. Some backers of my bill HR1207 and the existing Senate companion bill S.604 were a little miffed at this, but depending on how you think about it, this new legislation poses no great threat to our efforts.
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Friday, October 16, 2009
Greenspan a Decade Behind the Curve / Economics / Central Banks
By: Brady_Willett
Former Federal Reserve Chairman Alan Greenspan is the worst Fed boss in history, but boy-oh-boy how we loved to watch him smile. We were so attracted to Mr. Greenspan’s girlish grin, in fact, that he could say just about anything and people would eat it up: “I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said”. How delightfully playful! He really must be the world’s best central banker!
Friday, October 09, 2009
What are the Central Banks Up To? / Interest-Rates / Central Banks
By: Sy_Harding
At its FOMC meeting last month the Fed said that while it is more confident that the economic recovery is underway, it expects to keep interest rates low for some time to come. Analysts took that to mean until sometime late in 2010.
Friday, October 09, 2009
Central Banking: A Blight On Humanity / Commodities / Central Banks
By: Rob_Kirby
Impeccably reliable sources have informed me that as recently as Sept. 30, 2009 – the last possible day of trade in the Sept. 09 gold futures – a number of well-heeled market participants “bought” substantial tonnage worth of gold futures on the London Bullion Market [LBMA] and immediately told their counterparties they wanted to take instantaneous delivery of the underlying physical bullion.
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Wednesday, September 30, 2009
Fractional Reserve Banking Made Easy / Economics / Central Banks
By: Terence_Gillespie
The paper bills in our wallet are not money. And they are not Notes as in "Federal Reserve Note" written on the top of the bill. They are actually just Tokens. Federal Reserve Tokens, if you like, is what should be written on top of the bills. They are not redeemable for anything other than themselves. And they represent only one thing: Your belief in their value. Hopefully, your belief extends to the next person you try to give them to.
Tuesday, September 29, 2009
The Real Reasons Behind Fed Secrecy / Politics / Central Banks
By: Dr_Ron_Paul
Last week I was very pleased that the Financial Services Committee held a hearing on the Federal Reserve Transparency Act, HR 1207. The bill has 295 cosponsors and there is also strong support for the companion bill in the Senate. This hearing was a major step forward in getting the bill passed.
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Wednesday, September 16, 2009
Ron Paul's Battle for Financial Sanity / Politics / Central Banks
By: David_Gordon
Ron Paul has since the inception of his tenure in Congress waged a heroic battle for financial sanity, and in End the Fed he gives us insights from that struggle available nowhere else. Dr. Paul had from an early age an affinity for the free market. "In the 1960s," he tells us, "I discovered the writings of economists such as Ludwig von Mises, F.A. Hayek, Murray N. Rothbard, and Hans F. Sennholz. I gradually found the answers I had been searching for. Even for the experts, it literally took centuries to fully understand the nature of money and the business cycle." (p.43)
Thursday, September 03, 2009
Can a Central Bank Go Broke? / Interest-Rates / Central Banks
By: David_Howden
Centralized monetary authorities enjoy a privileged position in the current monetary system. People tend to view the economists and politicians at these institutions as demigods, individuals who if given enough resources will ensure that the economy continues an ever-advancing and smooth trajectory. However, unlike the Greek demigods of yore, today's central bankers are mere mortals who must work within the confines and constraints of the institution that they head.
Tuesday, September 01, 2009
Bernanke’s Victory Lap / Politics / Central Banks
By: John_Browne
Despite vocal criticism of the Federal Reserve’s stewardship of the economy over the past decade, President Obama’s renomination of Ben Bernanke to a second term as Fed Chairman nevertheless served to reassure and boost financial markets. While it is true that markets tend to crave predictability from government, rewarding the continuation of horrible Bush-era policies is perhaps pushing the boundaries of nostalgia. More interestingly, President Obama, who campaigned for ‘change,’ has clearly come down once again on the side of continuity.
Friday, August 28, 2009
Who does Ben Bernake Really Work For? / Politics / Central Banks
By: Justice_Litle
The announcement of Ben S. Bernanke’s successful nomination for a second term brings forth a curious question. Whom does the Fed Chairman really and truly work for?
Before we get into today's topic, a quick comment on the state of the market here and now.
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Thursday, August 27, 2009
Bernanke: Central Bankers' Bob the Builder? / Interest-Rates / Central Banks
By: Axel_Merk
First, the good news about Bernanke’s nomination for a second term as head of the Federal Reserve (Fed): we know what we are getting and may be able to prepare for the risks his continued leadership may pose to inflation and the dollar. The bad news: more of the same.
Wednesday, August 26, 2009
Ben Bernanke is the World's Most Dangerous Man / Politics / Central Banks
By: Mike_Shedlock
Sometimes you are pleasantly surprised by things you find in mainstream media. This is one of those times.
Wednesday, August 26, 2009
The Federal Reserve Suffers a Rare Defeat / Politics / Central Banks
By: DeepCaster_LLC
Under the tutelage of Chairman Ben Bernanke, the Federal Reserve system has achieved the heights of power, while simultaneously the economy it presides over has descended to the depths of despair. This Zen paradox sums of the inexplicable success of Ben Bernanke.
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Tuesday, August 25, 2009
Bernanke's Self-Promotional Reappointment Campaign A Stunning Success / Politics / Central Banks
By: Mike_Shedlock
Ben Bernanke's self promotional media blitz culminating with Orwellian Madness "Bernanke Saved The World", was a stunning success for Bernanke in his bid to be reappointed Fed Chairman. Unfortunately, Bernanke's win is everyone else's loss.
Tuesday, August 25, 2009
The Buzz over Bernanke Reappointment as Fed Chairman / Politics / Central Banks
By: Michael_Pento
Last week’s buzz in Jackson Hole Wyoming and around Wall Street is whether or not Banana Ben Bernanke should be reappointed to the Fed Chair. CNBC also held a panel discussing this issue with Bob McTeer (former President of the Dallas Fed). The consensus was that it was ridiculous not to have Barack Obama indicate he would serve another term as soon as possible. The agreed upon reason being that no one could do a better job than he has done.
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Monday, August 24, 2009
Why the Federal Reserve Bank Must Die / Politics / Central Banks
By: James_Quinn
“Paper money eventually returns to its intrinsic value ---- zero.” – Voltaire
“The Federal Reserve in collaboration with the giant banks has created the greatest financial crisis the world has ever seen. The foolish notion that unlimited amounts of money and credit created out of thin air can provide sustainable economic growth has delivered this crisis to us. Instead of economic growth and stable prices, (The Fed) has given us a system of government and finance that now threatens the world financial and political institutions. Pursuing the same policy of excessive spending, debt expansion and monetary inflation can only compound the problems that prevent the required corrections. Doubling the money supply didn’t work, quadrupling it won’t work either. Buying up the bad debt of privileged institutions and dumping worthless assets on the American people is morally wrong and economically futile.” Representative from Texas Ron Paul questioning Federal Reserve Chairman Ben Bernanke
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Friday, August 21, 2009
Orwellian Madness, Bernanke Saved The World / Politics / Central Banks
By: Mike_Shedlock
The MarketWatch Headline Bernanke: We Saved The World is the height of Orwellian madness.