I finally figured out how Bidenomics is supposed to work. He really is having an incredible amount of success in his economic strategy. It’s all based on what’s commonly referred to as “The Broken window theory.” According to the “theory,” destruction leads to economic growth. A most popular example comes from an essay written in … Continue reading Biden’s Broken Window
Category: Uncategorized
On occasion I might forget to categorize a post and it will show up here.
If I do not catch it, please let me know.
I will also not categorize administrative comments.
Fed Funds Explained No. 5
Impact of the Federal Funds Rate Popular Misconception If you start asking questions about federal funds in the federal funds rate, the response you receive will read something like the following: “The federal funds rate is one of the most important interest rates in the U.S. economy. That's because it impacts monetary and financial conditions, … Continue reading Fed Funds Explained No. 5
Announcement
In order to perform maintenance on my production system I will not publish any articles until July 19. I hope the changes will help me publish on a more timely basis. See you next week. Jim Berger, Publisher
Federal Finance Made Easy
It never ceases to amaze me how people seem to misinterpret what happens in the process of federal finance. At the head of the list stands this ridiculous economic stimulus program that the government has adopted. The chatter about the federal deficit probably stands second in line. To provide a basis for conversations about these … Continue reading Federal Finance Made Easy
Fed Funds Explained No. 3
Banks Replace Gold and Introduce Fractional Reserves This post tells a short tale of how banks take ownership of gold (a money commodity) and replace it with notes and checking accounts used as money. Eventually, they create more checking account money than they have gold, creating “fractional reserve banking.” New Account In a time before … Continue reading Fed Funds Explained No. 3
The Publication Plan
I have a very demanding boss. He has required me to develop the workflow system for three publication channels: The Free Market Center Journal, Language and Logic on Substack, and The Free Market Center. He had me gather nearly 2,000 notes and draft documents to publish on these channels eventually. Now he expects me to … Continue reading The Publication Plan
Return to The Journal
After many more months than I planned, I am returning to posting on The Free Market Center Journal. I have adopted a new design for The Free Market Center Journal because I felt that the previous design distracted from the messages. Also, I plan to post short daily messages that I will refer to ask … Continue reading Return to The Journal