The Fed’s Thousand Cuts to the Rule of Law
Fergus Hodgson, November 16, 2020
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Almost every country in the world has a central bank with a monopoly on money and that is independent of politics. But is it?
For Alex Salter, an economics professor at Texas Tech University and research fellow with the Free Market Institute, the US government’s pressure on the Federal Reserve to help it finance deficits is larger than ever. He argues that, absent credible restraints on the Fed, investors face a perpetually unfavorable, low-growth environment.
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This week in our Discovery Group segment, we interview Frederick Bell, the CEO of Elemental Royalties (TSX-V: ELE), who makes the case for investing in royalty companies as a way to gain exposure to precious metals.
Recommended Links
- Visit Alex’s website and connect with him on Twitter.
- Check out his forthcoming book, Money and the Rule of Law.
- “The Fed Has A Commitment Problem,” AIER.
- “To Fix the Fed, We Need True Monetary Rules,” the Hill.
If You Liked This Episode
- “Make the Fed Have One Job Again,” Gold Newsletter Podcast.
- “What the Fed’s Inflation Target Really Means,” Gold Newsletter Podcast.
- “Two Myths about Central Banking,” Gold Newsletter Podcast.
- “The Fed Cannot Save Us,” Gold Newsletter Podcast.
Fergus Hodgson is Gold Newsletter’s roving editor. Follow him on Twitter and Facebook.