Check out YAL activities on campus and updates from around the liberty movement.
Recently, I stumbled across an article entitled, “BABs saves issuers $12 billion, Treasury says.” According to the Treasury, “state and local governments will save $12.3 billion in borrowing costs by issuing federally subsidized taxable bonds, called Build America Bonds, during the first year of the program.” Up until now, I had never heard of BABs, …
Albert Einstein once defined insanity as “doing the same thing over and over again and expecting a different result.” An article in USA Today entitled “Fed keeps interest rates near zero; economy continues to ‘strengthen'” seems to fit the definition. I would go out of my way to strongly emphasize the quotes around the word …
The court economists of the state ridicule genuine free-market economists as cranks and ideologues, throughly discredited by the current economics crisis. However, if these Keynesians and phony capitalists would step away from the ideological homogenity of the establishment bubble for a second, they would find that those economists whose methodologies most stringently uphold individualism and radical capitalism alone predicted the …
Among it’s various other faults, one of the greatest problems with the Federal Reserve is it’s manipulation of interest rates, which would otherwise — in a truly free market, that is — be a price determined by supply and demand just like any other. Thorsten Polleit writes at Mises.org about the inherently bad results of …
Are negative interest rates and inflation the answer to all our economic problems? Educated readers? No. High school economics class? No. Harvard professor and Bush advisor, Gregory Mankiw? Yes. According to his New York Times piece, Mankiw claims and advises that negative interest rates through heavy amounts of central bank controlled inflation, would solve our …
The NYT published an Op-Ed from a Harvard economist a few days ago which is either indicative of insanity or of an early celebration of 4/20. It argues that the Fed should continue cutting interest rates to help the economy — yes, yes they have already cut rates to essentially zero, but they could go …
This video is from early 2008, and refers to the Australian Reserve Bank, but…well…watch it and you’ll get the idea. It’s possibly the clearest – or at least funniest – explanation of our own central banking system I’ve seen in a while, and is particularly relevant in light of the recent, ongoing, and harmful manipulation …
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