Tag Archives: Robert Wenzel

7/9/12 Robert Wenzel

Robert Wenzel discusses the LIBOR scandal and how central banks can wreck free markets much more efficiently than Wall Street can.

Robert Wenzel

Robert Wenzel discusses his speech delivered at the New York Federal  Reserve Bank; why an independent audit of gold deposited at Fort Knox is long overdue; the many Fed economists who don’t have a basic  understanding of opposing schools of thought; why students of Austrian economics saw the housing bubble forming early on; how ideological  tunnel-vision and  ambitions for career advancement create institutional blindness at the Fed; and why all the bailed-out financial institutions are headed by Goldman Sachs or J.P. Morgan alumni.

Robert Wenzel

Robert Wenzel discusses the profligate spending, excessive debt, and resentful bailouts plaguing the European Union; why the European Central Bank will soon begin printing money as furiously as the Fed (since the other option is defaulting on bank-owned debt, which can’t be allowed); why gold will quickly revert to the default currency when worldwide inflation runs amok; the inordinate number of wealthy individuals in tax-feeding Washington DC; how the Social Security deficit drastically lowers the demand for treasury bonds; and whether massive military cuts would depress the domestic job market or begin a post-WWII type boom.