Tom Duncan
at Sound Money Project
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“Bernanke says Federal Reserve ready to further stimulate the economy”
“Federal Reserve Chairman Ben S. Bernanke on Friday laid out a case for the central bank to take further action to bolster growth, citing the risks of prolonged high unemployment and a U.S. economy slipping into a deflationary spiral. In a much-anticipated speech in Boston, Bernanke did not spell out details of how and when…
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Land of Confusion
I thought that I would offer a run-through of what the government and the Fed have done to help us out during our troubled economic times. It is, of course, not a complete list, but it may be interesting to think about when you ask yourself why the latest recession went so badly. 1) Both…
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Robust Political Economy and the Fed – Peter Boettke
“But I wonder if in these discussions of monetary policy in response to the financial crisis the political economy of public policy is not seriously being overlooked. I have in fact raised these concerns before, and while the political economy costs are often acknowledged I don’t think they are fully absorbed into the analysis of…
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How Fake Money Saved Brazil – NPR
“This is a story about how an economist and his buddies tricked the people of Brazil into saving the country from rampant inflation. They had a crazy, unlikely plan, and it worked. Twenty years ago, Brazil’s inflation rate hit 80 percent per month. At that rate, if eggs cost $1 one day, they’ll cost $2…
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“Why Inflation Matters” – Steven Horwitz
From our friends at the Mercatus Center: “Although it has yet to make an appearance on the current economic scene, inflation continues to be a ghost that haunts the future of the U.S. economy. The Federal Reserve System has pumped an unprecedented amount of money into the banking system, and the trillions of dollars spent…
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“Alan Goldspan”
By Reuven Brenner* Seemingly out of the blue, the U.S. Federal Reserve chairman is hinting at a return to the gold standard. If so, currency markets are in for a shock. Last month in a speech before the Economic Club of New York, Alan Greenspan praised the gold standard, the first time he has unambiguously…
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“Dollar Bears”
“What matters is to have an agreed-upon unit of account in terms of which trading partners could price every contractual agreement, preferably having the medium of exchange serve as the unit of account, too. This anchor is missing in the international monetary system today, and is one reason for the financial havoc surrounding us. The…
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“It’s the Money, Stupid”
“At the moment, Republican leaders and policy elites are advancing exclusively fiscal solutions that address only the government response to the economic crisis and not the crisis itself. Fiscal deficits did not create the crisis, and reducing deficits won’t put our economy on a stable footing. From its inception in 2007 right up to the…
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Witherspoon Institute’s “Human Flourishing, the Economy, and Monetary Reform” – Nov. 3
With the expansion of the government’s economic responsibilities over the past three years, there has been growing public concern about the economic role of the state and the level of sovereign and private debt. With this in mind, the Witherspoon Institute of Princeton, New Jersey is assembling a group of distinguished scholars – economists, philosophers,…
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Central Banking, Limited Purpose Banking, Free Banking…
“But if the problem isn’t in the application of the system, but it is the system, then all efforts to reform practice will fail, and fail miserably. This is what we believe the logic of economic argument leads one to conclude about central banking and government monopoly over the currency. We also believe that the…
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“Bernanke says Federal Reserve ready to further stimulate the economy”
“Federal Reserve Chairman Ben S. Bernanke on Friday laid out a case for the central bank to take further action to bolster growth, citing the risks of prolonged high unemployment and a U.S. economy slipping into a deflationary spiral. In a much-anticipated speech in Boston, Bernanke did not spell out details of how and when…
-
Land of Confusion
I thought that I would offer a run-through of what the government and the Fed have done to help us out during our troubled economic times. It is, of course, not a complete list, but it may be interesting to think about when you ask yourself why the latest recession went so badly. 1) Both…
-
Robust Political Economy and the Fed – Peter Boettke
“But I wonder if in these discussions of monetary policy in response to the financial crisis the political economy of public policy is not seriously being overlooked. I have in fact raised these concerns before, and while the political economy costs are often acknowledged I don’t think they are fully absorbed into the analysis of…
-
How Fake Money Saved Brazil – NPR
“This is a story about how an economist and his buddies tricked the people of Brazil into saving the country from rampant inflation. They had a crazy, unlikely plan, and it worked. Twenty years ago, Brazil’s inflation rate hit 80 percent per month. At that rate, if eggs cost $1 one day, they’ll cost $2…
-
“Why Inflation Matters” – Steven Horwitz
From our friends at the Mercatus Center: “Although it has yet to make an appearance on the current economic scene, inflation continues to be a ghost that haunts the future of the U.S. economy. The Federal Reserve System has pumped an unprecedented amount of money into the banking system, and the trillions of dollars spent…
-
“Alan Goldspan”
By Reuven Brenner* Seemingly out of the blue, the U.S. Federal Reserve chairman is hinting at a return to the gold standard. If so, currency markets are in for a shock. Last month in a speech before the Economic Club of New York, Alan Greenspan praised the gold standard, the first time he has unambiguously…
-
“Dollar Bears”
“What matters is to have an agreed-upon unit of account in terms of which trading partners could price every contractual agreement, preferably having the medium of exchange serve as the unit of account, too. This anchor is missing in the international monetary system today, and is one reason for the financial havoc surrounding us. The…
-
“It’s the Money, Stupid”
“At the moment, Republican leaders and policy elites are advancing exclusively fiscal solutions that address only the government response to the economic crisis and not the crisis itself. Fiscal deficits did not create the crisis, and reducing deficits won’t put our economy on a stable footing. From its inception in 2007 right up to the…
-
Witherspoon Institute’s “Human Flourishing, the Economy, and Monetary Reform” – Nov. 3
With the expansion of the government’s economic responsibilities over the past three years, there has been growing public concern about the economic role of the state and the level of sovereign and private debt. With this in mind, the Witherspoon Institute of Princeton, New Jersey is assembling a group of distinguished scholars – economists, philosophers,…
-
Central Banking, Limited Purpose Banking, Free Banking…
“But if the problem isn’t in the application of the system, but it is the system, then all efforts to reform practice will fail, and fail miserably. This is what we believe the logic of economic argument leads one to conclude about central banking and government monopoly over the currency. We also believe that the…
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