My production crew is putting the final touches on the publishing machine, but for them to finish, they have asked me to back off my publishing schedule. They said they need about a month to work on nothing else. Since people focus on other stuff as they approach Christmas and New Year, have agreed to … Continue reading See You Next Year
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.
Economic Curiosity
I have decided to include Prezi presentation in some of my blog posts. To make sure that it works I have posted this Prezi that I made several years ago. Click the arrow in the center to get it started then use the right and left arrows at the bottom to advance and backup the … Continue reading Economic Curiosity
See You Next Week
I realize that on Thanksgiving weekend, people are either eating, sleeping, or traveling. More than likely, very few people are interested in reading newsletters from a voice in the wilderness. I'm giving myself this long weekend to catch up on a lot of work that I have ignored. I will see you back here early … Continue reading See You Next Week
Who Sells Securities to the Federal Reserve?
Introduction People frequently refer to the open-market operations of the Federal Reserve Bank as if all participants were the same. That definitely is not true. The Fed deals with different entities in what they refer to as open-market operations, but there are some important distinctions. I will briefly outline the major distinctions between the different … Continue reading Who Sells Securities to the Federal Reserve?
Biden’s Broken Window
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
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