Why Did They Call It The "Federal Reserve" System?


One hundred years ago today President Wilson signed the Federal Reserve Act, thus creating the Federal Reserve System, our central bank. It wasn’t called the Bank of the United States, following the...
    






Keynes and Copernicus: The Debasement Of Money Overthrows The Social Order And Governments


The United States Senate moves toward the confirmation of Janet Yellen, now posited for next January 6th, as chair of the Federal Reserve System.   Let us in this moment of recess reflect on eerily...
    






In China, Rates Soar, Stocks Fall, Businesses Fail


On Friday, fears of another quarter-end credit crunch drove money-market rates in China sharply higher despite emergency central bank intervention announced Thursday.  In the last five business days...
    






The Fed Will Still Provide Massive QE Next Year


The Federal Reserve announced this week that it will provide $75 billion of quantitative easing (QE) in January, a massive amount, and will provide large though diminishing amounts of additional...
    






100 Years Later, The Federal Reserve Has Failed At Everything It’s Tried


On Dec. 23, 1913, President Woodrow Wilson signed the Owen Glass Act, creating the Federal Reserve. As we note its centennial, what has the Fed accomplished during the last 100 years? The stated...