Central Banking
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Gold and Free Banking versus Central Banking
“In the absence of government regulation and monopoly control, a free monetary and banking system would exist; it would not have to be created, designed, or supported. A market-based system would naturally emerge, take form, and develop out of the prior system of monetary central planning.” ~ Richard M. Ebeling
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The Coin Shortage: A Big Deal about Small Change
“Our smaller denomination coins cost more to produce than they are worth, and burden our transactions with tedious calculations. Temporarily, due to the virus, some of our businesses are suspending dealing in these coins. Perhaps soon we will replace our coinage with one that makes sense.” ~ Clifford F. Thies
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Sham Bailout Statistics Shroud Shutdown Tyranny
“There is no reason to assume that Trump’s policies are better than his PPP data. Since the onset of the pandemic, both political parties and officials at all levels of government have often performed dismally. The biggest mistake Americans could make would be to permit politicians to absolve themselves now by giving away more of…
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The Fed’s Liquidity Confusion
“Fed lending to nonbank companies and municipalities is not liquidity provision; it’s credit allocation. It’s an area in which the Fed should not be involved.” ~ Thomas L. Hogan
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Brace Yourself for Bipartisan Spending Insanity
“Sadly, we live in this world. And in this world, members of Congress and the administration don’t care about the size of government, any more than they care about most of our other freedoms.” ~ Veronique de Rugy
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Global Money Supply Growth and the Great Inflation Getaway
“Maintenance of the level of employment rather than inflation has become the focus of official policy everywhere. Stimulus will continue until employment is restored to its pre-crisis level and there remains a colossal debt overhang to temper inflationary tendencies, but there is a real and present danger that, in the process of returning the economy…
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The ExIm Bank is Still the Bank of Boeing
“The bank has a long track record of serving mostly large foreign and domestic airlines in higher income nations, and distorting capital markets to fund projects that would likely be funded otherwise. It’s called cronyism.” ~ Veronique de Rugy
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The Fed Can’t Revive the Dead, But It Can Delay Their Recovery
“Central planning was tried in the 20th century, and it failed miserably. As evidenced by the U.S. economy’s dynamism, the Fed’s actual power is a fraction of what its supporters and critics both presume.” ~ John Tamny
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Ignore the Cooing of the Deficit Doves
“We skeptics of government power should never stop warning of the dangers of deficit financing, for such financing lowers political decision-makers’ costs of expanding government’s size and scope.” ~ Donald Boudreaux
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What We Can Learn from Other Bear Markets Since the Late Sixties
“The fiscal spigot of government largesse is more arbitrary; it will require a deeper understanding of corporate value to separate the wheat from the chaff. Sadly, markets will be no freer but they may, at least, be untethered from the coattails of the Fed.” ~ Colin Lloyd
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•
Gold and Free Banking versus Central Banking
“In the absence of government regulation and monopoly control, a free monetary and banking system would exist; it would not have to be created, designed, or supported. A market-based system would naturally emerge, take form, and develop out of the prior system of monetary central planning.” ~ Richard M. Ebeling
-
•
The Coin Shortage: A Big Deal about Small Change
“Our smaller denomination coins cost more to produce than they are worth, and burden our transactions with tedious calculations. Temporarily, due to the virus, some of our businesses are suspending dealing in these coins. Perhaps soon we will replace our coinage with one that makes sense.” ~ Clifford F. Thies
-
•
Sham Bailout Statistics Shroud Shutdown Tyranny
“There is no reason to assume that Trump’s policies are better than his PPP data. Since the onset of the pandemic, both political parties and officials at all levels of government have often performed dismally. The biggest mistake Americans could make would be to permit politicians to absolve themselves now by giving away more of…
-
•
The Fed’s Liquidity Confusion
“Fed lending to nonbank companies and municipalities is not liquidity provision; it’s credit allocation. It’s an area in which the Fed should not be involved.” ~ Thomas L. Hogan
-
•
Brace Yourself for Bipartisan Spending Insanity
“Sadly, we live in this world. And in this world, members of Congress and the administration don’t care about the size of government, any more than they care about most of our other freedoms.” ~ Veronique de Rugy
-
•
Global Money Supply Growth and the Great Inflation Getaway
“Maintenance of the level of employment rather than inflation has become the focus of official policy everywhere. Stimulus will continue until employment is restored to its pre-crisis level and there remains a colossal debt overhang to temper inflationary tendencies, but there is a real and present danger that, in the process of returning the economy…
-
•
The ExIm Bank is Still the Bank of Boeing
“The bank has a long track record of serving mostly large foreign and domestic airlines in higher income nations, and distorting capital markets to fund projects that would likely be funded otherwise. It’s called cronyism.” ~ Veronique de Rugy
-
•
The Fed Can’t Revive the Dead, But It Can Delay Their Recovery
“Central planning was tried in the 20th century, and it failed miserably. As evidenced by the U.S. economy’s dynamism, the Fed’s actual power is a fraction of what its supporters and critics both presume.” ~ John Tamny
-
•
Ignore the Cooing of the Deficit Doves
“We skeptics of government power should never stop warning of the dangers of deficit financing, for such financing lowers political decision-makers’ costs of expanding government’s size and scope.” ~ Donald Boudreaux
-
•
What We Can Learn from Other Bear Markets Since the Late Sixties
“The fiscal spigot of government largesse is more arbitrary; it will require a deeper understanding of corporate value to separate the wheat from the chaff. Sadly, markets will be no freer but they may, at least, be untethered from the coattails of the Fed.” ~ Colin Lloyd