US Federal Reserve

Submitted by Michael Shedlock via MishTalk.com,

Rudy Havenstein Tweeted an interesting chart earlier today on real negative interest rates.

I recreated the chart below and also share a chart from Doug Short on real median incomes to help put this financial repression by the Fed in proper perspective.

Decade of Negative Real Interest Rates

The above chart was created by taking the short-term treasury bill rate and subtracting the year-over-year rate of inflation as measured by the CPI.

While speculation swirls over Trump's pick for the next Treasury Secretary, with eyebrows raised after the President-elect unexpectedly met with Goldman COO Gary Cohn earlier in the day, one of the more interesting names to have emerged in the running for the top economic post is that of John Allison, former CEO of the bank BB&T and of the libertarian non-profit think tank the Cato Institute.

by Ron Paul

Former Dallas Federal Reserve Bank President Richard Fisher recently gave a speech identifying the Federal Reserve’s easy money/low interest rate policies as a source of the public anger that propelled Donald Trump into the White House. Mr. Fisher is certainly correct that the Fed’s policies have “skewered” the middle class. However, the problem is not specific Fed policies, but the very system of fiat currency managed by a secretive central bank.

Authored by Ron Paul via The Ron Paul Institute for Peace & Prosperity,

Submitted by Jeff Deist via The Mises Institute,