Tom Duncan
at Sound Money Project
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“Gold Prices Rise Ahead of Fed”
“Gold prices were continuing their climb to $1,300 an ounce as investors bet on the Federal Reserve announcing another round of quantitative easing on Tuesday. If the Fed decides to buy more government bonds and expand the size of its balance sheet, it means the central bank will also need to run its printing presses.…
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Capital and Interest: A Critical History of Economical Theory
“The intentionally limited task to which I intend to devote myself in the following pages is that of writing a critical history of the theoretical problem of interest. I shall endeavour to set down in their historical development the scientific efforts made to discover the nature and origin of interest, and to submit to critical…
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“The Radical Banking Reform that Would End the Boom and Bust in Banking”
“We all know what notes and coins are. They allow us to exchange the fruits of our work for the goods of others. When we deposit cash in Bank A – say £100 – we lend this money to the bank. But as soon as you make a deposit it becomes the bank’s. They then…
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“The Political Economy of Crisis Opportunism”
“Like a river suddenly swollen by the collapse of an upstream dam, the ideological current becomes bloated by the public’s fear and apprehension of impending dangers and its heightened uncertainty about future developments. Bewildered people turn to the government to resolve the situation, demanding that government officials “do something” to repair the damage already done…
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“Greenspan: Fiscal Stimulus Worked Far Less Than Expected”
“The former head of the Federal Reserve said fiscal stimulus efforts have fallen far short of expectations, and the government now needs to get out of the way and allow businesses and markets to power the recovery. “We have to find a way to simmer down the extent of activism that is going on” with…
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Atlas Liberty Cafe with Peter Boettke
Please join us for September’s edition of the Atlas Liberty Café on Wednesday, September 22, from 10:00 AM – 11:00 AM, at the Cato Institute. Liberty Café seeks to bring together allies with interests in worldwide issues to (1) share perspectives on global developments, and (2) provide opportunites for networking and discovering synergies. This month’s…
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“Golden Opportunity for Social Security”
“The time has come to get our financial situation in order. I’m not talking about the pros and cons of another stimulus or if the Bush/Obama plans “worked” or not, but a more substantive proposal. Let’s get some of our gold back from the International Monetary Fund, monetize it, and put it in the Social…
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“Regulators Tighten Bank Capital Rules”
“Global authorities have settled on their punishment for banks’ role in the financial crisis: a future encumbered by the burden of significantly heavier reserves that will impede the impulse to seek profit through excessive risk taking. Senior regulators from 27 countries agreed on Sunday at a meeting in Basel, Switzerland, that lenders should be forced…
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“Debt, financial crisis hurt U.S. competitiveness”
“Government debt and deficits have emerged as a chief concern among developed world economies, as a decline in tax receipts during the recession and an increase in spending on stimulus programs combined to require record levels of government borrowing. Crafting an “exit strategy” – cutting annual deficits without undermining economic growth by doing so too…
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“The Optimal Degree of Discretion in Monetary Policy”
“How much discretion should the monetary authority have in setting its policy? This question is analyzed in an economy with an agreed-upon social welfare function that depends on the economy’s randomly fluctuating state. The monetary authority has private information about that state. Well designed rules trade off society’s desire to give the monetary authority discretion…
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“Gold Prices Rise Ahead of Fed”
“Gold prices were continuing their climb to $1,300 an ounce as investors bet on the Federal Reserve announcing another round of quantitative easing on Tuesday. If the Fed decides to buy more government bonds and expand the size of its balance sheet, it means the central bank will also need to run its printing presses.…
-
Capital and Interest: A Critical History of Economical Theory
“The intentionally limited task to which I intend to devote myself in the following pages is that of writing a critical history of the theoretical problem of interest. I shall endeavour to set down in their historical development the scientific efforts made to discover the nature and origin of interest, and to submit to critical…
-
“The Radical Banking Reform that Would End the Boom and Bust in Banking”
“We all know what notes and coins are. They allow us to exchange the fruits of our work for the goods of others. When we deposit cash in Bank A – say £100 – we lend this money to the bank. But as soon as you make a deposit it becomes the bank’s. They then…
-
“The Political Economy of Crisis Opportunism”
“Like a river suddenly swollen by the collapse of an upstream dam, the ideological current becomes bloated by the public’s fear and apprehension of impending dangers and its heightened uncertainty about future developments. Bewildered people turn to the government to resolve the situation, demanding that government officials “do something” to repair the damage already done…
-
“Greenspan: Fiscal Stimulus Worked Far Less Than Expected”
“The former head of the Federal Reserve said fiscal stimulus efforts have fallen far short of expectations, and the government now needs to get out of the way and allow businesses and markets to power the recovery. “We have to find a way to simmer down the extent of activism that is going on” with…
-
Atlas Liberty Cafe with Peter Boettke
Please join us for September’s edition of the Atlas Liberty Café on Wednesday, September 22, from 10:00 AM – 11:00 AM, at the Cato Institute. Liberty Café seeks to bring together allies with interests in worldwide issues to (1) share perspectives on global developments, and (2) provide opportunites for networking and discovering synergies. This month’s…
-
“Golden Opportunity for Social Security”
“The time has come to get our financial situation in order. I’m not talking about the pros and cons of another stimulus or if the Bush/Obama plans “worked” or not, but a more substantive proposal. Let’s get some of our gold back from the International Monetary Fund, monetize it, and put it in the Social…
-
“Regulators Tighten Bank Capital Rules”
“Global authorities have settled on their punishment for banks’ role in the financial crisis: a future encumbered by the burden of significantly heavier reserves that will impede the impulse to seek profit through excessive risk taking. Senior regulators from 27 countries agreed on Sunday at a meeting in Basel, Switzerland, that lenders should be forced…
-
“Debt, financial crisis hurt U.S. competitiveness”
“Government debt and deficits have emerged as a chief concern among developed world economies, as a decline in tax receipts during the recession and an increase in spending on stimulus programs combined to require record levels of government borrowing. Crafting an “exit strategy” – cutting annual deficits without undermining economic growth by doing so too…
-
“The Optimal Degree of Discretion in Monetary Policy”
“How much discretion should the monetary authority have in setting its policy? This question is analyzed in an economy with an agreed-upon social welfare function that depends on the economy’s randomly fluctuating state. The monetary authority has private information about that state. Well designed rules trade off society’s desire to give the monetary authority discretion…
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