The Federal Reserve Bank

My longtime prediction that the Fed will not be able to kill inflation without destroying the economy is showing itself true in articles about hand-wringing from multiple directions today. The short of it is that the Fed either wins inflation but drives us deep into recession, or it rushes to bail out a collapsing economy but lights inflation fully back...

Ron Paul American Compass, a think tank promoting a conservatism lacking even a rhetorical commitment to free markets, recently called for Republicans to support tax increases. The organization claims a GOP embrace of higher taxes will enable the uniparty’s left (Democratic) and right (Republican) wings to create a deficit reduction plan balancing tax increase with spending cuts.American Compass is correct...

G0d4ather/iStock/Getty Images Plus In the first several years of the 21st century, federal policies encouraging banks to grant mortgages to borrowers who couldn’t repay them, government purchases of mortgage-backed securities, and other housing-market interventions led to skyrocketing housing prices and record consumer debt, precipitating the 2008 crash.Yet the Biden administration, having learned nothing from this fiasco, has enacted similar policies...

Thinkstock As the U.S. economy continues to slow, job openings are declining. They peaked at more than 12 million in March 2022. Today the Labor Department reported just eight million openings in April, the lowest number since February 2021.The U.S. economy has been generating about 234,000 new jobs a month over the last year. The upcoming report due Friday from...

Bankruptcy filings increased by 16% in the first quarter of this year, compared with a year ago, and the familiar Red Lobster chain is shuttering 87 of its restaurants. Far from helping our economy, the 10 million new illegal aliens allowed in by Biden are driving up food and housing costs, while they cannot afford to keep Red Lobster in business....

In this episode of Alex Newman’s The Sentinel Report, Newman covers the most pressing news, including Congress’ new statue of Billy Graham being unveiled, while Congressman Thomas Massie introduces the ‘Federal Reserve Board Abolition Act’ (HR 8421), also known as the ‘End the Fed’ bill. Plus, Dr. Richard Fleming, a physicist, nuclear cardiologist, attorney, and author of the new book,...

Dilok Klaisataporn/iStock/Getty Images Plus According to the latest data from the U.S. Treasury Department, the People’s Republic of China sold off a record amount of U.S. Treasuries in the first quarter of this year. The latest offloading of U.S. government debt, totaling  $53.3 billion, continues a years-long trend of reducing Chinese exposure to U.S. dollar-denominated assets — even as the...

Veronique de Rugy Prices are threads stitching together the fabric of our economy. They guide countless producers, here and abroad, to meet the most urgent demands of countless consumers. Prices enable the economic coordination of millions of individuals — each with his or her own unique preferences, skills and resources — with no need for a central planner. They direct...

ktsimage/iStock/Getty Images Plus Though details are yet to emerge, it appears that the Federal Reserve has reached an agreement with the Bank of Japan to initiate a currency swap to shore up the faltering yen. US, JAPAN REPORTEDLY AGREE ON FX INTERVENTION— FinancialJuice (@financialjuice) May 8, 2024 Currency-swap lines have become in recent years a standard tool to maintain financial...

According to an article on Yahoo! today, the top banana in finance, J. Powell, has already decided to go full bananatard. It is the financial hallmark of banana republics to print money in order to finance their debts. The Federal Reserve has never been allowed by law under its charter to do that because politicians were, long ago, smart enough...

zimmytws/iStock/Getty Images Plus The U.S. Government Accountability Office calls the U.S. government’s deficit spending “unsustainable” and says it poses “serious” challenges to the nation’s economic and national security. The GAO wrote, “We have reviewed the government’s bookkeeping and continue to find weaknesses that undermine reliability.”During last week’s annual Spring Meetings of the International Monetary Fund (IMF) and the World Bank...

The following article was originally published as one of my “Deeper Dives,” which only paid subscribers can read, though I made the introduction available to everyone for free. However, it seemed to me like it was a much more important article than most I’ve written, so I did something with that full article that I’ve never done with a Deeper...