How the Government Caused the Financial Crisis

Lew Rockwell on the Gold Standard, the Fed, and Economic Recovery

Greenspan is Pro-Printing Press

Former Federal Reserve Chairman, Alan Greenspan, appeared on MSNBC's meet the Press where he made a shockingly blatant statement that is sure to make its way around the 'Net at lightning speed.

What makes this ironic, is that many free-market and Austrian economists believe Greenspan's policy of taking interest rates to historic lows at the Fed were responsible for the subprime mortgage and credit crises and the bubble in the real estate and stock markets which culminated in the 2008 market meltdown and real estate crash. In fact, Time Magazine placed him 3rd on a list of 25 people to blame for the financial crisis, and this is probably so.

While Greenspan has spent much of his time since the crisis attempting to rewrite history and his participation in the worst economic downturn since the Great Depression, mainstream media appearances such as this one will not liekly do much to help his efforts.

In this MSNBC interview, Greenspan was asked, "Are US Treasury bonds still safe to invest in?" You have to listen to his answer to believe it. Greenspan sits there and utters a single sentence that basically says what no dollar-debt holder wants to hear: We will devalue your debt into the ground by cranking up the printing presses.

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Gold Standard

Gold or Cash?

Economic Freedom and Quality of Life

Fight of the Century

A Public Choice Perspective on Budget Cuts

Bernanke's 60 Minutes Interview

Sunday night’s interview was a shameless softballing by the timid reporter, Scott Pelley.

Mr. Pelley should have asked challenging questions. Why aren’t Fed policies helping to create jobs? When you say the Fed doesn’t “print” money, aren’t you being disingenuous since you create money by the stroke of a keyboard? You say the risk of not acting during the crisis in 2008 would have caused another Great Depression as a result of a financial collapse. Do you have any reasonable evidence of that? What basis do you have for saying we would have 25% unemployment without the Fed’s $3.3 trillion “rescue.” Why are interest rates rising instead of declining as a result of your QE2 policy? If you believe your policies have helped the economy, why haven’t they worked so far? Etcetera …

I probably disagree with almost everything Dr. Bernanke says in the 60 Minutes interview. It just amazes me that Chairman Bernanke could sit there and say the things he said in light of the Fed’s track record. He is totally incapable of admitting that the Fed is the source of our problems not our solutions.

This king has no clothes.

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Keynesian Economics is Wrong

Out of Control Government Spending

Debunking Pro-Tax Increase Propaganda

Sparks Meets with Greenspan and Bernanke

Quantative Easin'

Paul: “Government Can Not Create Prosperity”

Hayek v. Keynes volume 2

Gerald Celente on the Economy

“People are going to wait for the elections in November. They think they’re going to have some other change that they can believe in. It won’t happen. When the economic winter sets in, then you’re going to start seeing people protesting more and more. This is just the beginning.”

“This country’s gone from the greatest entrepreneurial empire to one that Mussolini would have called fascism, the merger of state and corporate powers.”

The Stand Up Economist

P.R.I.N.T. Money

I Can Solve the Puzzle, But I Can't Read It Correctly