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I couldn’t help but notice how little coverage the 72d anniversary of Pearl Harbor got in the news this weekend, so I dedicated yesterday’s show to that sad day.
In rummaging through my father’s things after his death, I came across
December 23, 2013: The Fed's 100th Anniversary. Enough is Enough!
What has the Fed done to our money? Before the Federal Reserve was established in 1913, the price level in the US enjoyed a slight decline over time even while employment was healthy and production high. Prices start to rise when the Fed is established. When FDR effectively untethered the Fed from a real gold … Read more