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...

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...