When a Society Chooses Freedom in an Unfree World

New Fed Chair Kevin Warsh's Job Is Impossible Submitted by QTR's Fringe Finance Congratulations to Kevin Warsh on officially becoming the next Federal Reserve chair. Unfortunately for him, he may have just accepted the worst job in global finance at the worst possible moment. Warsh was narrowly confirmed this week in the most partisan Fed chair vote in modern history, inheriting a central bank that has spent years under political attack while gliding straight into a macroeconomic minefield. Inflation just accelerated to a three-year high. Oil is higher amid Middle East tensions....

Bloomberg reported on Thursday that during the US-Israeli bombing campaign against Iran that began on February 28, Iranian forces destroyed more than two dozen US MQ-9 Reaper drones, or nearly $1 billion worth of the unmanned aircraft. The number represents about 20% of the Pentagon’s MQ-9 inventory. The drones have been used for nearly two […]

Debt Tsunami: The Alan Greenspan Legacy Authored by Jeffrey Tucker via The Epoch Times, Alan Greenspan, Fed chair from 1987 to 2006, embodies a striking ideological shift from gold-standard advocate to architect of the modern easy-money, debt-fueled financial system. He has now died at the age of 100, and this marks a good time to assess his legacy and explain why it matters. In the 1960s, as a young economist influenced by Ayn Rand and Objectivism, Greenspan strongly supported the gold standard. In his 1966 essay “Gold and Economic Freedom,” he argued...