Federal Reserve


An Anniversary That Should Be Mourned: The Federal Reserve Act

Dec. 23 is an important anniversary. But it’s one that should be mourned, not celebrated. On this date in 1913, the Pres. Woodrow Wilson signed the Federal Reserve Act into law. The Federal Reserve is the engine the drives the biggest and most powerful...

Getting Mad for the Wrong Reason

Congress finally got around to passing another coronavirus stimulus bill. A lot of people are mad. But they’re mad for the wrong reason. Here's a dirty little secret: The feds are broke – all their spending is on borrowed money, and you'll have to...

This Is Why We Need Sound Money

In fiscal 2020, the U.S. government ran a $3.1 trillion budget deficit. And the Federal Reserve monetized nearly that entire amount. Without the Fed, the U.S. government wouldn’t be able to borrow and spend at this extraordinary rate. This is precisely why we...

Government Warning About the Problems It Created

The Federal Reserve issued a report this week warning about overvalued asset prices and the possibility of a wave of credit defaults due to the extreme levels of debt in the economy. What it didn’t mention is the fact that it created the very problems it is...


Concordia res parvae crescunt


Small things grow great by concord...

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