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America's Economic History

San Francisco Earthquake of 1906 & Regional Capital Flows

COMMENT:  Hi Marty, I quite enjoy your writing.  My understanding regarding the panic of ’07 is that it was at least partly the result of earthquake and San...

The Federal Reserve: Part II

  The amount of propaganda against the Federal Reserve is incredible. What we must keep in mind is that its original design, which lasted for about one year,...

The Federal Reserve: Part I “The Creature from Jekyll Island”

QUESTION: Hello Martin- Great work and I wish you the best. One question regarding your recent email alerts from your blog in regards to the “money out of thin...

End of Bonds Rise in Rates – A New Type of Inflation

QUESTION: Dear Martin, First I would like to congratulate you on your excellent analysis and market views. I am a bond portfolio manager for 25 years and I can only...