Jeff Deist of The Mises Institute – Sun 16 Apr, 2017

Danielle DiMartino Booth: Inside the Fed

This interview was sent to us by a long time listener just this morning. When you have a little time tune in and listen to Jeff Deist and Danielle DiMartino Booth. They have share some great information on the Fed and the underlying US economy.

Click here to visit the posting page.  You can download an audio version of the interview there.

Danielle DiMartino Booth is a former Dallas Fed staffer and author of the new book Fed Up: An Insider’s Take on Why the Federal Reserve is Bad for America. She joins Jeff Deist to talk about her years watching Ivy League PhDs make gross and fundamental errors in an almost comically cloistered environment.

Have Fed economists even read Mises and Hayek? Do they recognize malinvestment as a byproduct of interest-rate setting? Do they know anything about their own institutional history, or at least enough to recognize how mission creep has turned the Fed into a central planning Politburo? And how will Janet Yellen deal with the inherent tension between raising interest rates and keeping the cost of US debt service in check?

Jeff Deist

  1. On April 16, 2017 at 1:55 pm,
    Markedtofuture says:

    The Debt Ceiling Delusion – Hidden Secrets of Money 4

    Who owns the Federal reserve? You are about to learn one of the biggest secrets in the history of the world… it’s a secret that has huge effects for everyone who lives on this planet. Most people can feel deep down that something isn’t quite right with the world economy, but few know what it is.

    Comments by Ron Paul, James Rickards and Steve Forbes at videos end.

    • On April 16, 2017 at 2:24 pm,
      Big AL says:

      Many thanks for the link. You beat me to it Markedtofuture!

      • On April 16, 2017 at 3:31 pm,
        Markedtofuture says:

        Big Al, the link went together like pie and ice cream.

        • On April 16, 2017 at 5:29 pm,
          al korelin says:

          Don’t mean to be greedy, but where was the vodka?

    • On April 16, 2017 at 2:34 pm,
      OOTB Jerry says:

      that is why a DEBT JUBILEE should be called ……take not at @3:50 on the tape.

      • On April 16, 2017 at 2:34 pm,
        OOTB Jerry says:

        not to note

      • On April 16, 2017 at 2:36 pm,
        OOTB Jerry says:

        The politicians and the FED have created the BONDAGE

        • On April 16, 2017 at 2:46 pm,
          OOTB Jerry says:

          @12:05 is the justification for such a jubilee…….false weights and measures…..

          • On April 16, 2017 at 5:33 pm,
            al korelin says:

            Definitely false weights an measures in our world. No question and no need to debate.

        • On April 16, 2017 at 5:31 pm,
          al korelin says:

          That I can agree with.

      • On April 16, 2017 at 5:31 pm,
        al korelin says:

        Some day I can guananee that it will happen because there is no other ultimate alternative.

  2. On April 16, 2017 at 2:05 pm,
    Markedtofuture says:

    How Much Did the Fed Secretly Lend?

    But it was just the tip of the iceberg. TARP was $700 billion. And it was just a piece of what ended up being trillions of dollars of assistance to the financial sector, much of which was not known [to] or seen [by] the public at large.

    • On April 16, 2017 at 5:35 pm,
      al korelin says:

      Markedtofuture, many thanks for this link.

  3. On April 16, 2017 at 2:06 pm,
    OOTB Jerry says:

    10 million foreclosures ……….in the real estate market…….@11:49….that is one hell of a lot of foreclosures.

    • On April 16, 2017 at 2:10 pm,
      OOTB Jerry says:

      and goldman sakers made Blankyfind, a Billionaire on the backs of these people along with Jamie D.

      • On April 16, 2017 at 3:28 pm,
        Markedtofuture says:

        Doomsday Bunker Sales Soar After Trump’s Military Strikes

        For the rich and famous among us, the endgame has been relatively clear for a long time: according to the surge in ultra luxury “bunkers for billionaires” being built, the way all this ends is nothing short of a whole lot of mushroom clouds around the globe, with the world’s wealthiest hoping to protect themselves in deep underground bunkers designed for just such an eventuality. That these bunkers are also ultra luxurious and extremely expensive is just the status symbol today’s billionaires are eager to show as they carry humanity’s survival “to the other side.”

        • On April 16, 2017 at 3:42 pm,
          OOTB Jerry says:

          good they will all be in the same place at the same time………

        • On April 16, 2017 at 5:52 pm,
          al korelin says:

          My opinion as a Christian is : “BRING IT ON”

          • On April 16, 2017 at 5:53 pm,
            al korelin says:

            Bring it on if that is God’s will.

          • On April 17, 2017 at 8:41 am,
            Robert Moriarty says:


            God is not a big fan of war, I’m told.

          • On April 17, 2017 at 10:50 am,
            GH says:

            I once worked with a born again Christian in a job that gave us lots of time to chat. So I had a good chance hear all about the rapture time of tribulations, all that.

            Myself, I spent a lot of time in church as a boy, but it never really ‘took’. I felt much closer to the divine out hiking in the Rocky Mountains.

            One of the things that offended me about it all was the conviction “we’re right, everyone else is wrong.” And, sadly of course, that meant that those who didn’t come around, which would be the vast majority of humanity, wouldn’t be going to heaven. Another thing that sticks with me was in Sunday school, when we were talking about the ten commandments, a key one of which is thou shalt not kill. “What about war?” I asked. “That’s different.” Uh-huh. OK.

            Likewise, I found the notion of the rapture and tribulations, and what seemed to be a longing for it, to be not so different from a death cult. Apologies if that offends anyone.

            If I were to speak in Christian terms, I would think God would want all of us to realize our highest potential. Ending in flaming, radioactive ruin, or eternal slavery to those who control the media and digital fiat currency seems unlikely to fulfill that plan. But what do I know, I’m just a nature boy.

      • On April 16, 2017 at 5:02 pm,
        GH says:

        Blankfein says Goldman Sachs is doing ‘God’s work’.

        Makes you wonder what ‘god’ he worships.

        Goldman Sachs is really just one tentacle of the true Vampire Squid.

        • On April 16, 2017 at 5:47 pm,
          OOTB Jerry says:

          ditto…..on the Vampire Squid……

        • On April 16, 2017 at 5:54 pm,
          al korelin says:

          Doing God’s work?

      • On April 16, 2017 at 5:51 pm,
        al korelin says:

        Talk about imoral action in the real estate lending market. Taking advantage of sheer ignorance.

    • On April 16, 2017 at 5:50 pm,
      al korelin says:

      It is absolutely amazing that 10million foreclosures have taken place. Absolutely a stagerin number which is verified by Big Al

      • On April 16, 2017 at 6:00 pm,
        OOTB Jerry says:

        I agree……..

  4. On April 16, 2017 at 2:06 pm,
    Ebolan says:

    So much for peace…Could a civil war be starting…Soros funded terrorists beginning their push to silence anyone they disagree with…

    • On April 16, 2017 at 2:26 pm,
      Ebolan says:

      Dang, Soros terrorists attacking people and police do nothing and if you ask them why they aren’t doing their jobs they get quite chippy…

      Just watch the videos below and you will see that civil war may very well be in the cards a bit down the road…

    • On April 16, 2017 at 5:56 pm,
      al korelin says:

      Without even watching the video, Eddie, I can tell you that I am grateful that I live in the “boondoks”.

      Big metropolitan area don’tt intest me in the slightet anymore!

  5. On April 16, 2017 at 3:27 pm,
    Markedtofuture says:

    Pro-Trump and Antifa Factions Riot in Berkeley, During ‘Free Speech’ Rally

    For the record, I fully support these violent outbursts and will not be one of those people who, hypocritically, call for ‘right wing goon squads’ to sashay throughout the country, while putting down the left’s right to ‘express’ their democratic freedoms.

    Growing up in Brooklyn, pre-gentrification era, the way we settled disputes in my neighborhood was to punch each other in the face until both parties were exhausted. After the fight, we’d make up and go chase down an iced cream truck together and then see about a game of stickball.

    Now today a bunch of Trumpsters descended upon Berkeley, in an effort to rally for ‘free speech.’ You and I both know they went there angling for a confrontation. Lucky for them, there were plenty of left-leaning scum, with enough time on their hands in between smoking legal marijuana at their local skateboarding parks, to oblige them.

    On the right were genuine American heros, clad in capes and make shift armor — adorned in the splendor of the American flag. They fought bravely and with honor.

    The Bad Guys…

    • On April 16, 2017 at 6:34 pm,
      Big Al says:

      Markedtofuture, the boiling point is near!

  6. On April 16, 2017 at 4:35 pm,
    CFS says:

    I did try to bring Danieele Dimartino Booth to the attention of this forum last week.
    Let give some background to Janet Yellen……
    Born in New York and educated Ivy League East coast, after her Ph.D. she went for a couple of years to the London School of Economics.
    (At that time the L.S.E. was a breeding ground for communists. I am ignorant about the people she spent time with at L.S.E.)
    Right after L.S.E., Janet Yellen went to a teaching position at Berkeley, California, where she has been ever since. She is and always has been a quiet left-wing socialist.
    It would not surprise me in the slightest if Janet Yellen was subverting the U.S. economy towards pure Keynesian destruction.
    To that end, it also not surpruise at all me if whe had boosted Obama as much as she could and is now trying to destroy the economy under Trump, for political ends.

    • On April 16, 2017 at 6:35 pm,
      Big Al says:

      If that is the case, CFS, I would presume that his economic advisors would blow the alarm.

      • On April 16, 2017 at 7:11 pm,
        CFS says:

        Big Al, I don’t know how sophisticated or knowledgeable Trump’s advisors are.
        Certainly Ivanka and her husband are not suitable.

        e.g. consider this.
        The Fed has announced that it will reduce its balance sheet.
        This has been praised by the press.

        But the Fed earns money on its balance sheet; and it returns some of this to the treasury. It was as much as $125 Billion per year, but currently is running around $100 billion.
        (I’ve always considered this as hidden taxation)
        What happens if the Fed reduces its balance sheet? It no longer earns interest and no longer gives the treasury excess profits.
        The U.S. budget deficit goes up by $100 Billion as the Fed balance sheet drops to zero.

      • On April 16, 2017 at 9:00 pm,
        CFS says:

        Mnuchin is appointed at the treasury, but Trump has NOT yet appointed many (the majority) of the appointees. He is/was totally unprepared.
        There was a section on Bloomberg today about how leaderless the treasury is….. currently totally controlled by permanent bureaucrats.

  7. On April 16, 2017 at 4:43 pm,
    CFS says:

    Meanwhile in Paris, the immigrants are taking over and violently objecting to Le Pen and her policies:

    • On April 16, 2017 at 4:57 pm,
      CFS says:

      With the chances of a Le Pen victory rising, old Money is moving out of France…

      • On April 16, 2017 at 5:37 pm,
        CFS says:

        French radio is reporting that two ballots have been sent out to French overseas voters, instead of one. (By mistake! Ha. JUst like for Brexit overseas voters tend to be overwhelming for status quo, i.e. against Le Pen)

    • On April 16, 2017 at 6:40 pm,
      Big Al says:

      Meanwile in Paris the “goonies” are causing trouble.

      I define goonies as being people who bitch because their agendas are not being met.

  8. On April 16, 2017 at 4:49 pm,
    CFS says:
    • On April 16, 2017 at 6:41 pm,
      Big Al says:

      I commented on this ealier today, professor. (I may be late for class, but I always participate!)

  9. On April 16, 2017 at 5:06 pm,
    CFS says:
    • On April 16, 2017 at 6:44 pm,
      Big Al says:

      I would bet that this idiot does not have the mental capability to actually choose a religion in a rational manner. Sorry if I am being racist, but I bet that I am correct.

      • On April 16, 2017 at 7:00 pm,
        CFS says:

        You probably are correct.

        But without the Ten Commandments or a similar basis for moral behavior, the human race might just as well remained in the trees.
        I guess that might be called being speciest!.

  10. On April 16, 2017 at 5:22 pm,
    GH says:

    Free PDF of Eustace Mullins’ 1952 book, ‘The Secrets of the Federal Reserve’

    • On April 17, 2017 at 7:30 am,
      BDC says:

      That link may be better accessed through the main site, by selecting the ‘book’ itself in the right panel..

  11. On April 16, 2017 at 5:55 pm,
    Ebolan says:

    Must see David Stockman speech at Mises. I wish McKinney would watch this…

    • On April 16, 2017 at 6:50 pm,
      OOTB Jerry says:


  12. On April 16, 2017 at 6:42 pm,
    Ebolan says:

    Must see Lew Rockwell speech at Mises. I wish McKinney would watch this one, too.

    • On April 16, 2017 at 6:56 pm,
      OOTB Jerry says:

      Lew is spot on………..we need a boogie man……

      • On April 17, 2017 at 8:59 am,
        GH says:

        The real boogie man is under the bed. If we have the courage to look at him, he’ll lose his power.

  13. On April 16, 2017 at 6:45 pm,
    Big Al says:

    I will certainly be watching these shortly.

  14. On April 16, 2017 at 6:50 pm,
    OOTB Jerry says:

    Btw…….great interview from Jeff……appreciate the tape…….

  15. On April 16, 2017 at 7:30 pm,
    CFS says:

    ANCHORAGE, Alaska (AP) — Federal and state workers have reduced the amount of pressure in an oil well that is misting natural gas on Alaska’s frozen North Slope, officials said Sunday.

    Workers from the Alaska Department of Conservation and the U.S. Environmental Protection Agency on Saturday night were able to connect hoses to valves that allow pressure in the well to be reduced, according to a statement from the state conservation department.

    The statement says pressure in the well was monitored all night and excess pressure was released from the well.

    The Environmental Protection Agency says a crack in the BP wellhead near Deadhorse sent up mist of crude oil Friday before it froze over and an initial leak stopped.
    (initial estimate: < 10 gallons leaked.)

  16. On April 16, 2017 at 7:57 pm,
    CFS says:

    US – Russia relations from RT:

  17. On April 16, 2017 at 8:08 pm,
    CFS says:

    N. Korea. View from downunder.

    • On April 16, 2017 at 8:47 pm,
      Skeeta says:

      No CFS,
      Thats not view downunder at all.
      Thats the view of a bitter two times ex Prime Minister.
      So poor a leader that his own Party stabbed him in the back & replaced him mid term. Only for him to later instigate another political back stab & return to power (all this without an election) Yes, only in Australia.
      There are very few people I wouldn’t bother to hold a door open for, he’s one of them.

      • On April 16, 2017 at 10:43 pm,
        CFS says:

        I sit corrected, Thanks, Skeeta. A view from downunder, but not the majority view.

  18. On April 16, 2017 at 8:43 pm,
    CFS says:

    Some music dedicated to US foreign policy:

  19. On April 16, 2017 at 9:29 pm,
    Ebolan says:
    • On April 17, 2017 at 5:22 am,
      OOTB Jerry says:

      ok thanks……….

      • On April 17, 2017 at 5:23 am,
        OOTB Jerry says:

        Liberty……….a God given right………

  20. On April 16, 2017 at 11:05 pm,
    CFS says:
    • On April 17, 2017 at 5:22 am,
      OOTB Jerry says:

      Any comments concerning the company?