Monetary Policy
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Interest Rates Need to Tell the Truth
Should it be the business of any central bank to be targeting or setting interest rates, or should this be the business of the market forces of supply and demand, as with any other price in the economy?
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What Is Money Velocity and Why Does It Matter?
The promise of the central bankers to act as the caretaker of the nation’s money is a great illusion. Even more preposterous is the claim of the central bankers that they could keep the economy on the path of a low-inflation economic growth path.
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Paul Krugman’s Incorrigible Monetary Keynesianism
If Paul Krugman wants to experience what a modernized P2P exchange of sound money feels like, my offer stands. I’m willing to help.
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The Keynesian Trap: Lessons From the Japanese Slump
Despite Japan’s perfect Keynesian-textbook policy making, the economy has not revived. As a legacy of the policies, the Japanese government debt has grown to a dimension rarely reached outside of times of war.
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George Selgin on How the Fed Prolonged the Great Recession
George Selgin speaks at the American Institute for Economic Research, July 28, 2018.
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Harwood’s Letter to Keynes, 1934
Dear Mr. Keynes: Much of your open letter to President Roosevelt, seems so appropriate to be above criticism…. Unfortunately, portions of your advice seem somewhat perplexing.
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Bitcoin Should Be Welcomed as More Robust Than Fiat, Says Fed-backed Research
My theory: the paper is written for bankers and policy makers of an older generation who have heretofore ignored or dismissed crypto-based innovations. They might know something about money and banking. But they know next to nothing about computer science, digital resources, and cryptography. As a result, the paper speaks in the plainest-possible English about…
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Government Cannot Be Trusted with Control of Money
Immediately following the inauguration in 1933, President Franklin D. Roosevelt focussed on what his advisers told him was the real problem: the fall in the prices of everything. The theory, which is completely wrong, is that falling prices were causing the fall in productivity. They believed that by boosting the prices of stocks and other…
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An Open Letter to Joseph Stiglitz on Bitcoin
In the words of fellow Nobel Laureate Bob Dylan, “don’t criticize what you can’t understand.”
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Cryptocurrencies, Education and Public Opinion
Just how much will peoples’ attitudes have to change to allow widespread adoption of a private cryptocurrency like Bitcoin or Ethereum?
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•
Interest Rates Need to Tell the Truth
Should it be the business of any central bank to be targeting or setting interest rates, or should this be the business of the market forces of supply and demand, as with any other price in the economy?
-
•
What Is Money Velocity and Why Does It Matter?
The promise of the central bankers to act as the caretaker of the nation’s money is a great illusion. Even more preposterous is the claim of the central bankers that they could keep the economy on the path of a low-inflation economic growth path.
-
•
Paul Krugman’s Incorrigible Monetary Keynesianism
If Paul Krugman wants to experience what a modernized P2P exchange of sound money feels like, my offer stands. I’m willing to help.
-
•
The Keynesian Trap: Lessons From the Japanese Slump
Despite Japan’s perfect Keynesian-textbook policy making, the economy has not revived. As a legacy of the policies, the Japanese government debt has grown to a dimension rarely reached outside of times of war.
-
•
George Selgin on How the Fed Prolonged the Great Recession
George Selgin speaks at the American Institute for Economic Research, July 28, 2018.
-
•
Harwood’s Letter to Keynes, 1934
Dear Mr. Keynes: Much of your open letter to President Roosevelt, seems so appropriate to be above criticism…. Unfortunately, portions of your advice seem somewhat perplexing.
-
•
Bitcoin Should Be Welcomed as More Robust Than Fiat, Says Fed-backed Research
My theory: the paper is written for bankers and policy makers of an older generation who have heretofore ignored or dismissed crypto-based innovations. They might know something about money and banking. But they know next to nothing about computer science, digital resources, and cryptography. As a result, the paper speaks in the plainest-possible English about…
-
•
Government Cannot Be Trusted with Control of Money
Immediately following the inauguration in 1933, President Franklin D. Roosevelt focussed on what his advisers told him was the real problem: the fall in the prices of everything. The theory, which is completely wrong, is that falling prices were causing the fall in productivity. They believed that by boosting the prices of stocks and other…
-
•
An Open Letter to Joseph Stiglitz on Bitcoin
In the words of fellow Nobel Laureate Bob Dylan, “don’t criticize what you can’t understand.”
-
•
Cryptocurrencies, Education and Public Opinion
Just how much will peoples’ attitudes have to change to allow widespread adoption of a private cryptocurrency like Bitcoin or Ethereum?