The Fed Is Insolvent, and That's a Bad Thing

On this first episode of the Fed Watch Podcast, Ryan McMaken and Senior Fellow Alex Pollock talk about how the Federal Reserve has negative cash flow. The Fed will print money to "solve" the problem.

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[stldweller]

This video is more than 110 years over due

[DavidM-tgoy]

What can anybody say?
If the FED was ever responsible for the land management of the Sahara desert, it wouldn't be long before people there would have to export water and import sand!!
Ain't central "planning" wonderful? 😪😪😪

[GeneralGuitFiddle]

Lol the intro music is "Busted" by Ray Charles

[Magenta]

There's a misunderstanding. The FED only prints money. It is not worried about reserves.

[dimitristsagdis]

Could you provide some sources reporting the historical mandate of the Fed you mention of zero inflation.

[aslkdjfzxcv]

disagree.

if people won't separate from this crap, then i hope it blows up in our face w/ disastrous consequences.

[tommyboy]

Suprise, Myron Fagan
And Allan Watt,
Bill Cooper
Ustace Mullins.

[brothergod]

I hope this podcast aims to get guests from the finance world and mainstream economists.

[Coltan]

The FED is to big to fall the show must go

[fusion]

Does this guy teach? If he teaches, I'll come join as a grad student. Or try to...

[timsteinkamp]

I don't get the humor. I mean it is fun to laugh but the title should say this is a big laugh at the poor Americans and how the Fed has screwed us. If you were smart enough to get into the stock market 15 years ago it is a big smile fest but I took them seriously that interest would not be kept down for 15 years. I wonder about Mises being a big joke.

[stanislavfrul]

The coming global crisis will be as deep as the Great Depression and much longer than Great Depression. There's no way to avoid it, it is an objective civilizational process. However, it can be mitigated by participation in economic development of the territories that: 1) have a plethora of resources, and 2) are underpopulated. There are not many countries in the world with such favorable conditions, Russia, Ukraine and Belarus are among them. At the present time the regimes in these countries are an obstacle to growth of small businesses and mid-size businesses, which is typical for 3rd world countries. Economic development of the so far underdeveloped territories is impossible without small and mid-size businesses, meaning that political systems in those countries have to be re-formatted in order for favorable conditions to emerge. Presently in those countries there are either autocracies or oligarchies, they are class societies where lower classes have no future until re-formatting begins. And many Westerners will immigrate to post-Russian territories, they will found charter cities where they will be able to live according to their rules while the US will become less and less free. It is likely that the motto of the North Eurasian settlers will be "America is where liberty is". They will mix with the locals and this will put in motion long-term processes of ethnic and cultural synthesis.

[dimitristsagdis]

the Fed is a lender of last resort. the private failed banks were not.