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Category: Federal Reserve

Economics/Federal Reserve

About that trillion dollar coin

Posted on October 5, 2021 by Kenneth Ballard / 0 Comment

Something you may or may not have seen in the news is the “trillion-dollar coin”. Basically the idea is the Treasury would order the United States M...

Federal Reserve

Did Woodrow Wilson regret signing the Federal Reserve Act?

Posted on January 28, 2018 by Kenneth Ballard / 0 Comment

Recently I was in a very heated exchange over the Federal Reserve. My opponent did nothing but peddle various conspiracy theories I’d already heard, which...

Federal Reserve/Fractional-reserve banking

The National Debt does exist

Posted on October 26, 2016 by Kenneth Ballard / 19 Comments

Mike Norman over at The Street recently shat out an article called “The National Debt: Why fret over something that doesn’t exist?” And how do...

Accounting/Federal Reserve/Fractional-reserve banking

Accounting for Fractional Reserve Banking

Posted on February 25, 2016 by Kenneth Ballard / 1 Comment

Fractional reserve banking. “Creating money out of thin air”. Debasing the currency. It can certainly be a confusing concept. Banks we are told have...

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