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US Federal Reserve

U.S. Debt Culture and the Dollar's Fate

If the United States cannot get its fiscal house in order, the dollar’s privileged position as the world’s reserve currency may be at risk—at a time when there seem to be few if any plausible alternatives.

Mr. Bernanke Goes to War

Finance ministers around the world are up in arms over the Fed's latest efforts to jump-start the anemic U.S. economy. The future of globalization hangs in the balance.

Grassroots Economics

The IMF has become little more than an abettor of bad policymaking. To avoid the next meltdown, the IMF must become a global advocacy group. Diplospeak is out; punchy prose and clear policy recommendations are in.

Death Cometh for the Greenback

America’s debt is ballooning. Runaway inflation threatens our creditors. Faith in the almighty dollar is wavering. Soon a global reserve, complete with its own currency, will land the final blow against the dollar. But contrary to popular opinion,

Manchurian Paradox

The America-China symbiosis cannot be overstated. Beijing’s willingness to buy U.S. debt allowed us to live on credit, while our purchase of Chinese goods propelled their meteoric rise. But as the financial markets have soured, some in the United

Don't Cut the Cheese

No more Brie, no more Stilton, no more Gorgonzola. Just what have Washington and Brussels got against cheese? Don't you know there's a war on?

Commentary

The Collapse of the Fiat System

All fiat currencies eventually go to zero value, and usually they do it in less than forty years. We now are in year forty-one.

Follow Fisher's Golden Rule

The Fed's fiat money is worth less and less. For real money, turn to gold.

Overhauling the Central Banks

Inflation targeting helped cause—and intensify—the global financial crisis. What we can do about it.

Blogs

In Praise of Ben Bernanke

Tea partiers and neocons think Bernanke is destroying the dollar. They're targeting the wrong guy.

Don't Bash the Fed

The idea that Ben Bernanke is engaged in a nefarious plot by weakening the dollar just doesn't hold water.

George Bush's Unmemorable Memoir

George W. Bush's book is an inadvertent reminder that you needn't be an interesting leader to be a terrible one.

Books & Reviews

A Champion for the Bourgeoisie

A fictional 19th-century detective disdains Russia's intelligentsia and preaches a bourgeois sermon on virtue and responsible citizenship to Russia's nascent middle class.

Imperialism: the Highest Stage of American Capitalism?

Andrew Bacevich's American Empire is really two books in one: one quite good, the other quite inexplicable.

Meaning Well

Maximilian II managed to be both ahead of his time and behind it simultaneously. His life warns us against allowing ourselves to fall into a similar predicament.

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May 27, 2012