William McChesney Martin chaired the Federal Reserve from 1951 - 1970, and remains the longest serving Fed chair.  Martin famously described the job of the Fed, or any central bank for that matter, as being no different from a chaperone who "takes away the punch bowl just as the party starts to really get going."  The idea is a central bank should lean against the wind and help to che

PREFACE: 
This week's blog post - along with several others to follow - will examine how today's precarious market condition is the inevitable result of over twenty-five years of the Federal Reserve's price suppression efforts and active interference in the economy.

In a recent blog post I discuss in general terms the media's role in the financial crisis and its aftermath.  In particular, I discuss the notion of how the media - whether consciously or unconsciously - in crisis after crisis "appears to do little more than parrot false narratives as part of an overarching agenda of more and bigger government." (1)  This quote came from a di

In this week's post, I am posting the Confederacy of Dunces biography of  Charles Evans and some associated commentary.  Evans is  a PhD economist and was appointed president of the Federal Reserve Bank of Chicago in 2007.  (1)  Evans is currently a non-voting member of the Fed's open market committee, (FOMC), but will become a voting member in 2019.  Now that the

People may wonder what the Flint Water Crisis has to do with 2008 Financial Crisis.  When I introduced my analysis of the Flint Crisis I discussed one similarity with the financial crisis.  In particular, both crises reveal how the political elite will "fashion any problem to suit their ends."