Maestro6 Major Flaws in the Fed’s Economic Model

James Rickards

Use what analogy you will: a car, a clock, a chemistry experiment... the point remains that the Fed believes it can control the economy. Indeed the Fed will stop at nothing to realize the goals of its dual mandate" to maximize job growth and maintain price stability. But, as Jim Rickards expalins, that conceit always ends in disaster. Read on...


Preserve Your Wealth While the Economy Shrinks

Byron King

What an economy! There’s plenty happening in it -- much of it bad, from our perspective. Indeed, looking ahead, all manner of awful things will affect your ability to invest, preserve and grow wealth. How can you hedge your risks? Our resource guru, Byron King, addresses it in today’s featured essay. Read on...


Extra!More Financial Lessons from the Head of the Fed

Jim Mosquera

Between spurring job growth and providing price stability, Fed Chairwoman Janet Yellen certainly has her hands full. And thanks to Fed "mission creep" it's only going to get harder. Today, Jim Mosquera examines the second half of Ms. Yellen's interview for the documentary Money for Nothing: Inside the Federal Reserve. Read on...


How the Government Can Create Jobs

Whiskey Contributor

Despite the understandable human tendency to help others, government spending cannot be a net creator of jobs. Indeed, many efforts currently under consideration by the administration and Congress will actively destroy jobs. These initiatives must stop. While it is easy to see how a deficit-financed government program can lead to the creation of a specific job, it is much harder to see how other jobs are destroyed by the diversion of capital and resources. It is also difficult to see how the bigger budget deficits sap the economy of vitality, destroying jobs in the process. In a free market, jobs are created by profit-seeking businesses with access to capital. Unfortunately, government taxes and regulation diminish profits and deficit spending, and artificially low interest rates inhibit capital formation. As a result, unemployment remains high, and will likely continue to rise until policies are reversed.