Posts by Shawn Ritenour

The Lessons of Japan

The Lessons of Japan

Since Fed chairman Ben Bernanke announced his plan for the Federal Reserve to inflate (I’m sorry, “quantitatively ease”) commercial bank reserves by $600 billion, he has come under surprising, but understandable, criticism. So much so that he has felt compelled … More>

Where Have You Gone, Ludwig von Mises? Considering Mises: “The Last Knight of Liberalism”

Where Have You Gone, Ludwig von Mises? Considering Mises: “The Last Knight of Liberalism”

Washington’s stunning economic power grabs—healthcare centralization, Keynesian fiscal stimulus, and Federal Reserve bailouts—are creating an unintended consequence: an increasing demand for freedom literature. Exhibit A would have to be F.A. Hayek’s 66-year-old Road to Serfdom’s recently hitting number one for … More>

Stop the Bailout!

Stop the Bailout!

When facing a major financial problem, it is not uncommon to face the temptation to do something foolish at best or something evil at worst. Our elected officials and un-elected monetary and financial authorities are on the brink of doing … More>

Are Happy Days Here Again?

Are Happy Days Here Again?

Ben Bernanke, chairman of the Federal Reserve, is a better historian of economic thought than monetary theorist. In reference to the current financial turmoil he is quoted as saying that classic central-banking theory instructs us that the Fed should accommodate … More>