Federal Reserve Chairman Ben Bernanke sounds a warning on growing deficit
Initial jobless claims increase unexpectedly
Fed officials warn on bubbles but Bernanke cautious
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The Ludwig von Mises Institute was founded in 1982 as the research and educational center of classical liberalism, libertarian political theory, and the Austrian School of economics. It serves as the world’s leading provider of educational materials, conferences, media, and literature in support of the tradition of thought represented by Ludwig von Mises and the school of thought he enlivened and carried forward during the 20th century, which has now blossomed into a massive international movement of students, professors, professionals, and people in all walks of life. It seeks a radical shift in the intellectual climate as the foundation for a renewal of the free and prosperous commonwealth.
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Tom Woods addresses 1,000+ on August 15, 2009 in Galveston Texas at the “Lectures on Liberty” event.
Thomas Woods: Lectures on Liberty – Four-Part Video:
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This is Congressman Alan Grayson questioning Federal Reserve Chairman Ben Bernanke on $550B of loans to foreigners (or ‘central liquidity swaps’ in Federal Reserve-ese’).
Which financial institutions received this money? Bernanke’s answer: I don’t know.
As the Fed was lending this money, the dollar increased by 30% in value. Grayson asks, was this a coincidence? Bernanke’s answer: yes.
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