The Independent Institute

 
        

Filling the Federal Reserve Board Vacancies? »

(See updates below, 2/13, 2/24, 6/12, 6/15, 7/27, 8/12.) Five of the most important appointments Donald Trump will make during his first year in office will be to fill three vacancies on the Federal Reserve Board, to reappoint or replace Janet Yellen as Federal Reserve Board Chair, and to designate one of the Board...
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Decisive Brexit Referendum: What Happens Next? Part 3: Bust Banks, Banksters, & Bailouts »

[See Part 1 Here and Part 2 Here] A lot has happened since my last posting on the June 23rd Brexit vote. A new government in the UK, the petition for a new referendum vote has been exposed as a scam, most markets have stabilized as anticipated and the Labour Party civil war over...
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McKinley Ruffles FDIC Feathers in Forbes—His Response to FDIC General Counsel Krimminger »

After our Forbes magazine piece, “Sheila Bair’s Legacy: Bailouts, Secrecy and Power Grabs,” the FDIC found time to respond to our comments. The response was penned by FDIC General Counsel Michael Krimminger, who refers to our editorial as “more personal attack than commentary.” Let’s make a clear distinction here. Our commentary was entirely based in...
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Robert Higgs Debates James Galbraith on Obamanomics »

Independent Institute Senior Fellow Robert Higgs debates James Galbraith (Professor of Economics, University of Texas; son of infamous, “liberal”, Keynesian economist John Kenneth Galbraith) on Antiwar Radio regarding the folly of government bailouts for insolvent banks, creation of the Glass-Steagall Act as a means to prevent FDIC insured banks from taking excessive risks, benefits...
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Give Bernanke Credit—For Chutzpah »

In my mind’s eye, I envision a street fair—one of those happy community gatherings at which sellers of handcrafted ceramics, funky clothing, herbal remedies, fresh vegetables, and edible delicacies congregate to display their wares for the strolling customers, who chat amiably with the stall-keepers and with one another. Suddenly, amid horrified shrieks and the...
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