Tom Duncan
at Sound Money Project
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“Greenspan vs. Geithner in ‘weak dollar’ debate”
“Alan Greenspan, former chairman of the Federal Reserve, and U.S. Treasury Secretary Timothy Geithner locked horns Thursday over whether the Obama administration is supporting a weak dollar to bolster the economy. Greenspan, in an op-ed piece in the Financial Times, claimed that the U.S. government is deliberately weakening the dollar, while Geithner asserted in an…
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“Mission Impossible: Rescuing the Dollar”
“In Dubai last week, actor Tom Cruise ran around the outside of the world’s tallest building suspended by a cable 2,700 feet in the air while shooting a scene for his fourth Mission Impossible film. The stunt was Cruise’s “most dangerous yet,”reported London’s Daily Mail. Also last week, the Federal Reserve announced it would create another $600…
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“Has the Fed Been a Failure?” – Selgin, Lastrapes and White
“As the one-hundredth anniversary of the 1913 Federal Reserve Act approaches, we assess whether the nation’s experiment with the Federal Reserve has been a success or a failure. Drawing on a wide range of empirical research, we find the following: 1) The Fed’s full history (1914 to present) has been characterized by more rather than…
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“Leading Chinese credit rating agency downgrades USA government bonds”
“One of China’s leading credit rating agencies has downgraded United States of America government debt in response to what it sees as deliberate devaluation of the dollar by quantitative easing and other means. If China, now the second biggest economy in the world, stops buying US government bonds this could have a very negative effect…
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“Time to Reform the International Monetary System”
“A funny thing happened on the way to the G-20 meeting in Seoul, South Korea, this week: The world’s growing dissatisfaction with U.S. policy toward the dollar has derailed the Obama administration’s proposal to elevate trade balances as the reference point for currency values. Instead of asserting America’s traditional leadership role, President Barack Obama is…
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“Back to a Gold Standard?”
“The gold standard shackled central bankers to a sinking ship. When countries left the gold standard, they began to recover. Countries that were never on the gold standard had very mild recessions during the Great Depression. Why would we ever want to return to such a flawed way of organizing monetary policy? But the current…
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Getting on Track
On Wednesday, November 10, Sound Money held a panel at annual Liberty Forum hosted by Atlas. The panel featured Judy Shelton, Sean Fieler and Steven Horwitz, with Matt Kibbe of FreedomWorks acting as moderator. Perhaps it is a bit self-serving to say that it was excellent, but the point still stands. I, personally, had little…
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A Return to the Gold Standard? – Richard Ebeling
“Monetary central planning has worked no better than any other form of central planning over the last one hundred years. The world’s central bankers – just like the central planners in the old Soviet Union – just do not have the knowledge, wisdom and ability to successful manage the monetary system of a market economy.…
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Larry White on the Business Cycle
Peter Boettke over on Coordination Problem posted an excellent video of Larry White discussing the Austrian theory of the business cycle. Enjoy!
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“Ben Bernanke’s Impossible Dream” – WSJ
“At Jackson Hole, Mr. Bernanke explained that “if inflation expectations were too low . . . an increase in inflation expectations could become a benefit.” Well, he’s certainly succeeded in raising inflationary expectations. But rising commodity prices and a debased dollar have proved harmful to many businesses because inflated costs mean deflated profit margins. The…
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“Greenspan vs. Geithner in ‘weak dollar’ debate”
“Alan Greenspan, former chairman of the Federal Reserve, and U.S. Treasury Secretary Timothy Geithner locked horns Thursday over whether the Obama administration is supporting a weak dollar to bolster the economy. Greenspan, in an op-ed piece in the Financial Times, claimed that the U.S. government is deliberately weakening the dollar, while Geithner asserted in an…
-
“Mission Impossible: Rescuing the Dollar”
“In Dubai last week, actor Tom Cruise ran around the outside of the world’s tallest building suspended by a cable 2,700 feet in the air while shooting a scene for his fourth Mission Impossible film. The stunt was Cruise’s “most dangerous yet,”reported London’s Daily Mail. Also last week, the Federal Reserve announced it would create another $600…
-
“Has the Fed Been a Failure?” – Selgin, Lastrapes and White
“As the one-hundredth anniversary of the 1913 Federal Reserve Act approaches, we assess whether the nation’s experiment with the Federal Reserve has been a success or a failure. Drawing on a wide range of empirical research, we find the following: 1) The Fed’s full history (1914 to present) has been characterized by more rather than…
-
“Leading Chinese credit rating agency downgrades USA government bonds”
“One of China’s leading credit rating agencies has downgraded United States of America government debt in response to what it sees as deliberate devaluation of the dollar by quantitative easing and other means. If China, now the second biggest economy in the world, stops buying US government bonds this could have a very negative effect…
-
“Time to Reform the International Monetary System”
“A funny thing happened on the way to the G-20 meeting in Seoul, South Korea, this week: The world’s growing dissatisfaction with U.S. policy toward the dollar has derailed the Obama administration’s proposal to elevate trade balances as the reference point for currency values. Instead of asserting America’s traditional leadership role, President Barack Obama is…
-
“Back to a Gold Standard?”
“The gold standard shackled central bankers to a sinking ship. When countries left the gold standard, they began to recover. Countries that were never on the gold standard had very mild recessions during the Great Depression. Why would we ever want to return to such a flawed way of organizing monetary policy? But the current…
-
Getting on Track
On Wednesday, November 10, Sound Money held a panel at annual Liberty Forum hosted by Atlas. The panel featured Judy Shelton, Sean Fieler and Steven Horwitz, with Matt Kibbe of FreedomWorks acting as moderator. Perhaps it is a bit self-serving to say that it was excellent, but the point still stands. I, personally, had little…
-
A Return to the Gold Standard? – Richard Ebeling
“Monetary central planning has worked no better than any other form of central planning over the last one hundred years. The world’s central bankers – just like the central planners in the old Soviet Union – just do not have the knowledge, wisdom and ability to successful manage the monetary system of a market economy.…
-
Larry White on the Business Cycle
Peter Boettke over on Coordination Problem posted an excellent video of Larry White discussing the Austrian theory of the business cycle. Enjoy!
-
“Ben Bernanke’s Impossible Dream” – WSJ
“At Jackson Hole, Mr. Bernanke explained that “if inflation expectations were too low . . . an increase in inflation expectations could become a benefit.” Well, he’s certainly succeeded in raising inflationary expectations. But rising commodity prices and a debased dollar have proved harmful to many businesses because inflated costs mean deflated profit margins. The…
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