ignorance of experts

Incompetent Experts and Bad Government

– May 3, 2020

Ignorance and malfeasance: this is what the American people have been forced to endure from those who govern them. We have no reason to expect things will be different in the future, unless we unequivocally demand it otherwise.

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A Fate Worse than Hyperinflation

– April 6, 2020

The game played by federal actors and financial markets is for keeps. A lack of awareness of the dangers faced in this game by both the public and by politicians leaves the audience of public opinion in a collective yawn in response to discussion of fiscal responsibility.

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When the Fed Tried to Save Main Street

– April 1, 2020

Any day now, the Federal Reserve will start making loans to small and medium-sized businesses, breaking new ground with its Section 13(3) lending authority. Yet this won’t be the first time the Fed set its sights on Main Street businesses.

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Judy Shelton: Golden Nominee for a Tarnished Fed

– March 7, 2020

Dr. Judy Shelton is polite, soft-spoken, and diminutive – yet she seems capable of scaring the bejesus out of full-grown adults and “leaders” in American politics, academia, and media. Why? For decades she’s been a global expert on money, monetary poli …

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Judy Shelton Is Right: The Fed Is Lawless

– March 7, 2020

Judy Shelton, President Trump’s nominee to the Federal Reserve board, got little love in her pre–Valentine’s Day confirmation hearing. (Shelton was previously the director of the Sound Money Project, prior to its moving to AIER.) Regardless of what cri …

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The Fed Cannot Combat Coronavirus

– March 5, 2020

At a campaign speech on February 29, Senator Elizabeth Warren (D-Mass.) introduced her economic plan for combating COVID-19, more commonly known as the coronavirus.  The Warren plan has two elements. First, it calls for “a major targeted fiscal st …

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