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by charleshughsmith

Executive Summary

  • Understanding the Fed's ability to impact (or not) health & education, pensions, and inflation
  • What you can do to insulate yourself from the impacts of the Fed's financial interference
    • Mindset
    • Major expenses
    • Debt
    • Resilience
    • Income

If you have not yet read Part I: The Fed Matters Much Less Than You Think, available free to all readers, please click here to read it first.

In Part I, we found that the supposedly omniscient Federal Reserve is irrelevant to the engine of real wealth creation (innovation) and actively inhibits the allocation of capital and labor to innovation by incentivizing speculation and malinvestment.

In Part II, we’ll look at what else matters that the Fed either negatively influences or does not control, as well as specific actions we can take as individuals to insulate ourselves from the collateral damage caused by misguided central bank policies.

Health and Education

We all know health and education are vital to individuals and the economy, and like everything else that matters, the Fed’s influence is limited to financial repression of interest rates that enables the Federal government to avoid the sort of healthy fiscal discipline that higher rates would demand. In other words, the Fed has widened the moat around government spending, protecting it from the hard choices that would accompany massive deficits and bond issuance in a free-market economy.

Public and Private Pensions

By at least one measure, the Fed’s repression of interest rates (designed to recapitalize the banks at no direct cost to the Fed or government) has cost savers $10.8 trillion in lost income. Since the majority of savings in the U.S. are in public and private pension plans, 401Ks, and IRAs (individual retirement accounts), the Fed’s repression of interest rates has pushed these income-security savings into risky speculative asset bubbles in stocks, bonds, and real estate, and critically undermined the financial health of pensions by radically reducing their low-risk, safe returns.

How You Can Limit Your Exposure to the Fed’s Financial Interference
PREVIEW by charleshughsmith

Executive Summary

  • Understanding the Fed's ability to impact (or not) health & education, pensions, and inflation
  • What you can do to insulate yourself from the impacts of the Fed's financial interference
    • Mindset
    • Major expenses
    • Debt
    • Resilience
    • Income

If you have not yet read Part I: The Fed Matters Much Less Than You Think, available free to all readers, please click here to read it first.

In Part I, we found that the supposedly omniscient Federal Reserve is irrelevant to the engine of real wealth creation (innovation) and actively inhibits the allocation of capital and labor to innovation by incentivizing speculation and malinvestment.

In Part II, we’ll look at what else matters that the Fed either negatively influences or does not control, as well as specific actions we can take as individuals to insulate ourselves from the collateral damage caused by misguided central bank policies.

Health and Education

We all know health and education are vital to individuals and the economy, and like everything else that matters, the Fed’s influence is limited to financial repression of interest rates that enables the Federal government to avoid the sort of healthy fiscal discipline that higher rates would demand. In other words, the Fed has widened the moat around government spending, protecting it from the hard choices that would accompany massive deficits and bond issuance in a free-market economy.

Public and Private Pensions

By at least one measure, the Fed’s repression of interest rates (designed to recapitalize the banks at no direct cost to the Fed or government) has cost savers $10.8 trillion in lost income. Since the majority of savings in the U.S. are in public and private pension plans, 401Ks, and IRAs (individual retirement accounts), the Fed’s repression of interest rates has pushed these income-security savings into risky speculative asset bubbles in stocks, bonds, and real estate, and critically undermined the financial health of pensions by radically reducing their low-risk, safe returns.

by Adam Taggart

When you buy a piece of clothing, how much thought do you give to how it was made?

Few shoppers do. But they should. In many respects, where our clothes comes from is nearly as important as where our food comes from.

The recent tragedy in Bangladesh, where over 1,000 sweatshop workers died in a building collapse, provides a stark reminder of this. 

In this podcast, I talk with retail entrepreneurs Scott Leonard and Matt Reynolds, co-founders of Indigenous Designs, to get a better understanding of the notoriety the textile industry has earned (much of it well-deserved) and learn about new business models that promise to transform it for the better.

Indigenous: Sourcing Our Clothing Sustainably
by Adam Taggart

When you buy a piece of clothing, how much thought do you give to how it was made?

Few shoppers do. But they should. In many respects, where our clothes comes from is nearly as important as where our food comes from.

The recent tragedy in Bangladesh, where over 1,000 sweatshop workers died in a building collapse, provides a stark reminder of this. 

In this podcast, I talk with retail entrepreneurs Scott Leonard and Matt Reynolds, co-founders of Indigenous Designs, to get a better understanding of the notoriety the textile industry has earned (much of it well-deserved) and learn about new business models that promise to transform it for the better.

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