The Fed vs the Free Market
Here we go again. Another “emergency” and another rate cut from the Federal Reserve. Manipulating interest rates and a monopoly on money is the exact opposite of a “free market.” That’s why we’re pushing for currency competition...
Federal Reserve’s Latest Bailouts More Proof Bad Times Ahead
by Ron Paul Since September 17, the Federal Reserve Bank of New York has pumped billions of dollars into the repurchasing (repo) market, the first such intervention since 2009. The Fed has announced that it will continue to inject as much as 75 billion dollars a day...
Pop Goes the Federal Reserve’s Auto Bubble
It looks like the Federal Reserve-induced auto bubble just popped. Yesterday, GM announced plant closures and layoffs due to sluggish sales. The big automaker said it plans to shutter five North American factories and slash around 14,000 jobs. The move follows on...