Month: July 2020

#48 The Goals of the Fed

Did you get to see our live stream on the Unpopular Opinions show? The three stated goals of the Federal Reserve are: maximum sustainable employment stable prices moderate long term interest rates All three of…

#47 The Burdens of Regulation

The Bank Secrecy act of 1970 was implemented to mandate cooperation between financial institutions and the United States government to detect and/or prevent tax evasion and money laundering. This is more colloquially known as AML/KYC…

#46 Silver is Overpriced

A lot of people are going to dislike this post. I’m okay with that. My economic thinking comes from first principles. If you have a rational thesis for why I am wrong, feel free to…

#45 Inflation Must Be Unfair

Proponents of expansionary monetary policy are always closest to the money spigot. It is essential to understand that creation of new money is not creation of new wealth. It is instead, changes in the denominator…

#44 FDR’s Tax Reform (New Deal)

In 1935 FDR pushed through the Revenue Act of 1935. Affectionately called the “soak the rich” act, the bill’s stated intention was to redistribute wealth of America’s most wealthy. The bill imposed an income tax…

#43 The Bondage of Debt

The rational thinker understands that in markets there is no such thing as a guaranteed return. Under a sound monetary system, where consumers benefit from price deflation brought about by technological deflation, the only returns…

#42 Court Packing Plan (New Deal)

So far we’ve covered a wide host of nationalization efforts brought about by the New Deal. But were you aware that the US Supreme Court actually overturned some of the New Deal Legislation’s as unconstitutional?…

#41 Unemployment and the Market (New Deal)

Throughout the time period of the Great Depression, a battle of economic theory was being waged in the US. The liquidationists like Lionel Robbins and his 1934 Treatise on the Great Depression, believed that government…

#40 Labor Relations Act (New Deal)

Rothbard wrote extensively on unions, and believed that laborer’s lack sufficient information on price relationships gathered by the entrepreneur. Laborers fighting for better compensation disrupts the natural market forces of increased productivity.Increased productivity is a…