ICT magazine

Greg Mankiw noted in January 2009:Econ prof Bill Seyfried of Rollins College emails me:Here's an interesting fact that you may not have seen yet. The M1 money multiplier just slipped below 1. So each $1 increase in reserves (monetary base) results in t...

Singapore shares remain lackluster at start of afternoon session as bearish leads from key overseas markets keep buyers at bay (HSI off 0.9%, Dow futures down 56 points). The STI down 0.2% at 2,874.26 with support tipped at last week’s intraday low of 2,820; broad market volume remains thin ...

Professor Robert Auerbach was kind enough to send me an email to let me know that Ron Paul read the following letter written by Auerbach into the Congressional record today: ...

Yesterday, I quoted an economist with the U.S. House of Representatives Financial Services Committee for eleven years who assisted with oversight of the Federal Reserve to show that there might be some basis for Ron Paul's questions to Ben Bernanke abo...

Today, Ron Paul accused the Federal Reserve of having a hand in nefarious plots such as Watergate and arming Saddam Hussein. House Financial Services Committee Chair Barney Frank said that the Committee should look into it.A 1992 article in the Los An...

Samantha Stosur inspired Australia to a 3-2 win over Spain in their Fed Cup World Group II first round tie at Memorial Drive yesterday. The world number 11 Stosur featured in all three of Australia's victories and joined with 38-year-old veteran Rennae Stubbs to gain the winning doubles rubber

Germany’s support for solar power is becoming ever harder to affordAMID the unexploded bombs, rockets and poison-gas shells that litter a former Soviet military training ground in eastern Germany, a forest of silicon has sprouted. Solar cells here at Lieberose, Germany’s biggest photovoltaic plant, produce enough electricity (at peak output) ...

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As I have repeatedly noted, mainstream economists and financial advisors have been using faulty and unrealistic models for years. See this, this, this, this, this and this.And I have pointed out numerous times that economists and advisors have a finan...

The House has passed a bill to audit the Federal Reserve. 79% of the American people support a full audit.In response, the Fed says that an audit would interfere with its "independence". However, the Constitution does not empower a central bank. And C...

Here is an interesting excerpt from an interview of Paul Volcker by Spiegel this weekend: SPIEGEL: The US has not yet instituted any kind of reform policy. What we see is the government and the Federal Reserve pouring money into the economy. If one loo...

I have just received confirmation from a very credible Congressional source that the bill to audit the Federal Reserve is included in the House financial reform legislation which passed today. My source says:The Fed audit provision which passed the Fi...

Canopy Financial COO Jeremy Blackburn could be going to jail for a very long time for fraud. The health care software company executive is accused of creating fake audit reports, phony bank statements and transferring unauthorized funds to his personal accounts. Both the Justice Department and SEC have filed complaints ...

79 percent of the American public is in favor of auditing the Fed, according to a new poll by Rassumussen. Because another 14% are not sure, that leaves only 7% opposed to an audit. And as Rassumussen, the support for auditing the Fed is nonpartisan a...

The Senate Banking Committee will be chatting with Ben Bernanke this Thursday to vote on his reappointment.Demand that the Committee ask the following questions for our esteemed Esteemed Chairman (and contact your own Senators also and demand that they...

Tim Duy - Director of Undergraduate Studies of the Department of Economics at the University of Oregon and the Director of the Oregon Economic Forum - noticed an amazing sentence in the minutes of the most recent meeting of the Fed Open Market Committe...

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Congressman Watt tried to de-rail the bill to audit the Federal Reserve (H.R. 1207) with a fake alternate bill. See this, this, this and this.Fortunately, the House Financial Services Committee approved H.R. 1207 by 43-26, and rejected Watt's bill.In a...

Emailed to me by a contact in Congress. November 18, 2009 ...

A number of unions and consumer groups have signed a letter endorsing Ron Paul and Alan Grayson's call to audit the Federal Reserve.Here's their letter:House Financial Services Committee2129 Rayburn House Office BuildingWashington, D.C. 20515November 1...