Thursday, May 29, 2014

JUST RELEASED The Fed Flunks: My Speech at the New York Federal Reserve Bank

I am happy to report that I have now put into print the speech I delivered at the New York Federal Reserve Bank.

At the time of the speech, the great historian Ralph Raico emailed to say, "Bob, your talk to the Fed was absolutely brilliant!"

The economist and libertarian great Walter Block said, "That it is not a good 'Austrian' critique of Keynesianism and the Fed, it is an EXCELLENT one."

The important Misesian scholar Richard Ebeling emailed, "I read your speech at the Fed and your postscript. Brilliant! Just  the type of talk that should be given in a place like that, and superbly constructed and articulated!!!"

Economist Robert Murphy called it an "awesome speech."

Lew Rockwell, chairman of the Ludwig von Mises Institute, said it was "heroic."

But the speech itself is only part of the story. In The Fed Flunks: My Speech at the New York Federal Reserve Bank, I also tell the back story of how I ended up being invited to deliver the speech in the first place, how there was an attempt to sabotage my delivery of the speech, who attended the speech and the reaction.

In The Fed Flunks, I also include three other essays. One discusses how I called the 2008 financial crisis in real time. Another contrasts my correct forecast with what Fed members and other government economic officials were saying at the same time, and finally, I have an essay that discusses how I calculate money supply growth to help me make economic forecasts.

I have designed The Fed Flunks in a manner so that it can be an important tool in the fight against the Fed and be of value to those who want to better track Federal Reserve money printing activities.

But, it is not only an important read for anyone attempting to understand the failures of the Fed and what they are up to now, but it can be used as a pass along to others to introduce them to what the Fed is really all about.



  1. I just ordered a copy. Very nice.

    By the way, are you planning to write a book with the approximate title: Why I am a Libertarian Even Thought There is No Such Thing as Natural Law?

    I think you mentioned something like this a while back, and I would look forward to such a work.


  2. I too ordered a copy. Looking forward to the read.

    I would like to see Why I am a Libertarian Even Though There is No Such Thing as Natural Law. There aren't many issues that I've seen you defect from Murray Rothbard. Apparently this is one area.

  3. How many people heard that speech?

  4. @Wenzel

    I definitely want a signed copy of this!
    Congratulations - the cover looks fabulous.

  5. Will this be available as a PDF or ebook? International shipping is twice as much as the book..

    1. It will be available globally from your local bookstore. The timing may vary depending on your country but just keep checking for ISBN# 9781312047235

  6. Will you do a Kindle edition on Amazon? If I can't get a book on Kindle, I don't read it any more.