Topic

federal reserve

The Fed ‘is a god that has failed’

Why does Wall Street keep recovering after recessions but the economy seemingly never does? The reason, as I document in my book, “The Scandal of Money: Why Wall Street Recovers but the Economy Never Does” is that Washington and the Federal Reserve together have created a closed loop economy where the Fed creates money for the government and the S&P Read More ›

closeup-on-benjamin-franklin-eyes-from-100-dollar-bill-american-currency-as-a-world-money-concept-stockpack-adobe-stock.jpg
Closeup on Benjamin Franklin eyes from 100 dollar bill. American currency as a world money concept.
Licensed from Adobe Stock

The Gilder

George Gilder’s brilliant new book — The Scandal of Money — underscores an odd fact. There’s an expanding list of newspapermen and writers who, having reached a certain age and covered the intellectual and political wars, have turned late in their careers and at the peak of their powers to the problem of money. They are riveted by the recognition Read More ›

Normalize U.S. Economy

U.S. stock prices have just reached record highs, erasing the losses since the previous 2007 peak. But the U.S. economy as measured by the labor-force participation rate, which captures the percentage of working-age people in the labor force, has just dropped to a new 34-year low of 63.3 percent. Since the Great Depression, recessions have always been followed by strong Read More ›