david bahnsen

The federal government must maintain interest rates low in order to continue borrowing billions of dollars for continuous 'relief' programs and new wars.

Banks used to pay interest to other banks in the 'federal funds' market if they required additional reserves to support greater lending before they were awash with reserves (due to reserve requirements).

The Federal Reserve Bank, the United States' central bank, is said to be governed by its 'dual mission' in all of its decisions. It is mandated by law to ensure price stability across the economy and to maximize employment.

David Bahnsen, author and financial advisor, recently spoke with FEE about financial markets, cryptocurrencies, the key to alleviating poverty, and his latest book.