The following is a growing database of articles and publications that demonstrate that limiting the Federal Reserve is an economic imperative. We’re always seeking new information to share with the public; please contact us if you come across something you believe should be shared.
These Ain’t Your Grandfather’s “Jobs”
– David Stockman, David Stockman’s Contra Corner
In one of his numerous articles on middle class job destruction by the hands of the Federal Reserve, former Reagan budget director David Stockman demonstrated that the Fed’s bubble/burst economic paradigm has eroded the quantity and quality of jobs available in this country.
How Quantitative Easing Contributed to the Nation’s Inequality Problem
– William D. Cohan, New York Times
William D. Cohan, a former senior mergers and acquisitions banker who has written three books about Wall Street, claimed that the Fed is “widening the gulf between rich and poor”.
How Quantitative Easing Helps the Rich and Soaks the Rest Of Us
– Anthony Randazzo, Reason
Reason’s Anthony Randazzo stated that Quantitative Easing–money printing–is a primary driver of income inequality formed by crony capitalism.
Repatriation of Gold from Fed Suggests Historic Vote of No Confidence
– Seth Mason, Solidus.Center
Seth Mason argued that the recent massive calls for repatriation suggest that foreign gold holders have lost trust in the Fed as a custodian of their precious metals.
Snapchat CEO Warns “Easy Money Policy” Has Created Another Tech Bubble
– Evan Spiegel, Zero Hedge
Snapchat CEO Evan Spiegel told investors that the surge in tech stocks seen since the Great Recession is an unsustainable bubble inflated by the Fed.
The Fed Has Inflated a Housing Bubble Larger Than 2006
– Diana Olick, CNBC
CNBC’s Diana Olick reported that the Fed has inflated a housing bubble larger than the one that burst and led to the Great Recession.
Druckenmiller: Fed Robbing Poor to Pay Rich
– Robert Frank, CNBC
According to billionaire hedge fund manager Stanley Druckenmiller, the Fed isn’t just inflating markets; it’s shifting a massive amount of wealth from the middle class and poor to the rich.
The Fed-Wall Street Revolving Door Must Be Shut
– Seth Mason, Solidus.Center
Seth Mason asserted that The Fed maintains an incestuous relationship with Wall Street that undermines the stability of the Main Street economy.
How Bernanke’s Fed Triggered the Great Recession
– Richard M. Salsman, Forbes
According to Richard M. Salsman, Bernanke’s Fed brought the U.S. financial system to its knees using 1930s monetary policy.
The Great Immoderation: How the Fed Is Sowing the Next Recession
– David Stockman, David Stockman’s Contra Corner
David Stockman argued that the Fed has inflated a new asset bubble that will pop and create another deep recession.
Time To End Monetary Central Planning
– Richard Ebeling, EpicTimes
Solidus.Center radio guest Richard Ebeling made the case for ending economic planning on the part of central banks such as the Fed.
Paul Singer Pins Blame on Fed for Income Inequality
– Michael J. de la Merced, New York Times
Paul Singer, the founder of the hedge fund Elliott Management, blamed the Federal Reserve for growing income inequality in the country.
The Interventionist Fed Must Be Ended
– Seth Mason, Solidus.Center
According to Seth Mason, the Fed’s monetary manipulation causes severe distortions in the economy that benefit a select few while harming a large swath of people.
The Federal Reserve Bank Must Be Destroyed!
– Patrick Barron, Mises Canada
Patrick Barron argued that once money printing–via fiat or fractional reserve credit creation–is seen to be both feasible, justified, and legal, the only way to stop it is to abolish the institution that does it.
How Central Banks Cause Income Inequality
– Frank Hollenbeck, Mises Institute
If the U.S. Government is serious about reducing income inequality, said Professor Hollenbeck, it should focus on its main cause, the Fed.
How to Cure America’s Ailing Monetary System
– Seth Mason, Solidus.Center
Seth Mason described in easy-to-understand language what a solution to our nation’s monetary problems would look like.
Janet Yellen to the Poor: Let Them Eat Cake!
– Economic Cycle Research Institute
According to ECRI, Fed Chairwoman Janet Yellen made two insulting statements: She insulted the poor by suggesting that they take advantage of asset price inflation by “accumulating considerable assets”, and she insulted retirees who can’t get a decent return on their savings by suggesting that they take part-time jobs to supplement their incomes.
– Seth Mason, Solidus.Center
Seven years of zero interest rates and trillions upon trillions of printed dollars has done little to help the American worker, noted Seth Mason.
– Stephen S. Roach, Project Syndicate
Stephen Roach, former Chairman of Morgan Stanley Asia and the firm’s chief economist, warned that the Fed’s “fixation” on propping up the markets is a “death trap”.
Greenspan’s Insulting Admission of Fed Culpability
– Seth Mason, Solidus.Center
Seth Mason reported that former Chairman Alan Greenspan indirectly admitted to CNBC’s Kelly Evans that the Fed has created unsustainable asset bubbles that could burst when interest rates rise.
Nouriel Roubini Is Bullish…For Now: “The Mother of All Bubbles” Has Begun
– Aaron Task, Yahoo! Finance
Due to the recovery’s reliance on asset price inflation, NYU economist Nouriel Roubini summed up his analysis of the economy as “short-term bullish, long-term catastrophic.”
An Open Letter to Janet Yellen
– Xiaolin Zhong, Mises Canada
Mises Canada’s Xiaolin Zhong implored Janet Yellen to cease transferring money from Main Street to Wall Street via Quantitative Easing.
America’s Undiagnosed Economic Cancer
– Seth Mason, ECOMINOES
On his blog, ECOMINOES, Seth Mason, Solidus.Center Founder and Executive Director, explained that the marriage between the Fed and the federal government has been the primary cause of our precipitous and painful decade-and-a-half economic decline.
The Fed: Firefighter or Arsonist?
– Steven Horwitz, U.S. News
Mercatus Center scholar Steven Horwitz stated that the Fed ignores the large role it played in igniting the 2008 financial crisis.
Fed’s “Reverse Repo” Tool Catches Republican Criticism
– Ryan Tracy, Wall Street Journal
WSJ’s Ryan Tracy noted that two senior House Republicans criticized the Fed’s new tool for influencing interest rates, saying it “injects needless uncertainty and volatility” into financial markets.
A G.O.P. Takeover of the Senate Would Mean More Scrutiny of the Fed?
– Seth Mason, Solidus.Center
Seth Mason stated that, if history is any indication, the Republican-controlled Senate might not scrutinize the Fed any more than the Democrat-controlled Senate did.
“Two Percent Inflation” and the Fed’s Current Mandate
– Ron Paul, Ron Paul Institute
Dr. Paul argued that a Fed-free monetary system is the only monetary system that would protect liberty while enhancing opportunities for peace and prosperity.
The Fed Has Created a Huge Global Bubble: Stockman
– Alex Rosenberg, CNBC
According to former Reagan budget director David Stockman, the actions of the Federal Reserve have created a massive bubble not just in U.S. stock prices, but in a variety of assets across the world.
Limiting the Fed Would Diffuse Derivative “Time Bombs”
– Seth Mason, Solidus.Center
According to Seth Mason, derivatives, which Warren Buffett once referred to as economic “time bombs”, wouldn’t be so dangerous if it weren’t for the Fed enabling their proliferation.
Why Breaking Up Medical Monopolies Is Important to Ending Fed Intervention
– Seth Mason, Solidus.Center
In order to end economic intervention on the part of the Fed, argued Seth Mason, we must first get the federal government to taper spending so that it doesn’t depend on the Fed to monetize its debt. One way this can be done, according to Mason, is by reducing the cost of health care by breaking up medical monopolies.
Who’s in Charge of the Fed? Don’t Bank on Public Knowing the Answer
– Seth Motel, Pew Research Institute
According to Seth Motel, few Americans know who Janet Yellen is, much less the power she wields.
Meet Edward Quince, the Secret Federal Reserve Chairman
– Damian Paletta, Wall Street Journal
Damian Paletta of the Wall Street Journal reported that Ben Bernanke curiously conducted business during the financial crisis using a pseudonym.
Busted Metals Traders Distract from Larger Manipulation Problem
– Seth Mason, Solidus.Center
Seth Mason noted that, although limiting the Federal Reserve is the core mission of Solidus.Center, it’s also important to expose the egregious behavior of Fed-enabled Big Banks.