Free Republic

Did you know that U.S. banks have more than 1.8 trillion dollars parked at the Federal Reserve and that the Fed is actually paying them not to lend that money to us? We were always told that the goal of quantitative easing was to "help the economy", but the truth is that the vast majority of the money that the Fed has created through quantitative easing has not even gotten into the system. Instead, most of it is sitting at the Fed slowly earning interest for the bankers. Back in October 2008, just as the last financial crisis was starting,...

A new communique from the man who saw it all coming, warning us to prepare for Weimar II. If ever you wanted an illustration of just how inexact a “science” economics is, watch this clip back to back with The One’s assurances last night (at roughly 4:20 here) that the stimulus is the only way to avoid Armageddon. How much good has 75 years of data done us? From the NYT’s front-pager this morning on Japan’s experiment, this much: Economists tend to divide into two camps on the question of Japan’s infrastructure spending: those, many of them Americans like Mr....