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The Fed's Binge

Up until September, Federal Reserve Chairman Ben Bernanke effectively sterilized all his financial crisis-fueled monetary injections, either by directly trading Treasury bills for riskier financial...

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Inflation Returns!

Since the financial crisis hit the country in September 2008, the White House, Congress, and Federal Reserve have responded with a combination of bailouts, federal spending, and an expansion of the...

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Did the Constitution Betray the Revolution?

Jeffrey Rogers Hummel: YES The Constitution as counterrevolution: a tribute to the Anti-Federalists. The standard American myth celebrates the Constitution as the triumphant culmination of the...

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45 Years, 45 Days: Did the Constitution Betray the American Revolution?

For the next 45 days, we'll be celebrating Reason's 45th anniversary by releasing a story a day from the archives—one for each year of the magazine's history. See the full list here. In Reason’s April...

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How the Fed Got Huge

Before he became chair of the Federal Reserve, Ben Bernanke agreed with the free market economist Milton Friedman that central bank policy played a key role in making the Great Depression the most...

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