Does the Fed’s Lowering the Interest Rates Strengthen Economic Growth?

The Fed lowers interest rates ostensibly to “stimulate” the economy. But while the Fed claims it is strengthening the economy, it actually

Markets Made of Glass—How the Fed Destroyed Economic Resilience

For nearly 30 years, the Fed has pursued an easy-money policy that has made the economy increasingly dependent upon the next round

Lessons from Reconstruction

Using state power to enforce social orthodoxy is always a recipe for disaster. Radical Republican governments in the post-war South attempted to