News

News 1/30/2014

Thursday, January 30, 2014
 

Fiat Wages for a Fiat Currency Society

The New York Sun 1/30/2014

Is Philly’s ‘hawkish’ Plosser Setting the Federal Reserve’s Agenda?

Philly.com by Joseph N. DiSrtefano 1/30/2014

Recognizing the Consequences of Federal Reserve’s Tapering

The Hindu Business Line 1/30/2014

After Bernanke, More Turbulence

USA Today by Peter Schiff 1/29/2014

Federal Reserve Experimenting in Price Controls

CNBC by Jeff Moranteen 1/29/2014

Bernanke Leaves With Mixed Verdict According to Polling of the American Public

Gallup 1/29/2014 via Central Valley Business Times

The Federal Reserve at 100: A Primer on Monetary Policy

Heritage Foundation by Norbert J. Michel, Ph.D. 1/29/2014

Setting the Record Straight on the Deflation ‘ogre’ vs the Inflation Thief

Asia Times Online by Noureddine Krichene 1/29/2014

Ron Paul: Here’s Why Gold is a Safe Haven Again

Yahoo Finance by Lawrence Lewitinn 1/28/2014

Finance Capitalism in New York Resembles a Feudal Structure

     For almost fifty years, from 1880 to 1930, financial capitalism approximated a feudal structure in which two great powers, centered in New York, dominated a number of lesser powers, both in New York and in provincial cities. No description of this structure as it existed in the 1920’s can be given in a brief compass, since it infiltrated all aspects of American life and especially all branches of economic life.

     At the center were a group of less than a dozen investment banks, which were, at the height of their powers, still unincorporated partnerships. These included J.P. Morgan; the Rockefeller family; Kuhn, Loeb and Company; Dillon, Read and Company; Brown Brothers and Harriman; and others.

From Tragedy to Hope: A History of the World in our Time pg.448 Carrol Quigley – Historian Harvard University