โข
“Is this a currency war or what?… In Washington, where a โstrong dollarโ has been the mantra for years, policymakers are taking steps that could make the already weak dollar weaker still… The dollarโs decline is being driven by what everyone in global markets is expecting โ another round of so-called quantitative easing by the…
โข
“In early October, China’s Premier Wen Jiabao addressed European leaders in Brussels. Ominous talk of currency wars dominated the proceedings. And why not? After all, America โ and a growing coalition of forces โ has mounted a massive attack on China. And the Americanled coalition’s weapon of choice is the renminbi- U.S. dollar exchange rate.…
โข
“Despite the overwhelming evidence that markets perform best when left alone by the government, it is still virtually taken for granted that one consumer product should be completely controlled by every government in the world. One product, so ubiquitous, that itโs used by almost everyone in the world on a daily basis: money. Money is…
โข
“Every Friday evening a few more banks are closed โ seized by the various state banking regulators and handed over to the Federal Deposit Insurance Corporation (FDIC) for liquidation. This all happens rather quietly, barely making the news. We’re told these bank failures are no big deal. No reason to panic. The names of the…
โข
“It seems certain, however, that we shall merely make matters worse if we aim at curing the deflationary symptoms and, at the same time (by the erection of trade barriers and other forms of state intervention) do our best to increase rather than to decrease the fundamental maladjustments. More than that: while the advantages of…
โข
In The Constitution of Liberty, F.A. Hayek advised: “All those who wish to stop the drift toward increasing government control should concentrate their effort on monetary policy”. Sound Money will have a special panel during Atlas’s upcoming Liberty Forum on Wednesday, November 10, at 9:00am. The Sound Money session will feature talks by: Judy Shelton…
โข
“The third-highest inflation rate in the world is making investors less confident in Argentinaโs ability to keep up economic growth and repay debt beginning in 2012, credit default swaps show. Five-year contracts that protect investors against a default by Argentina cost 123 basis points, or 1.23 percentage points, more than two-year swaps on Oct. 15,…
โข
“Oil prices rose to near $81 a barrel Friday in Asia, rebounding slightly from the previous session’s steep drop, as traders mull the possible effects of anticipated moves by the U.S. Federal Reserve to spur economic growth.” Read more.ย “Oil rises to near $81 as traders mull Fed moves” Alex Kennedyย Businessweek, October 22, 2010.…
โข
“Hypothetical monetary systems always look better than actual experience. Economists therefore view their responsibility as deciding what characteristics money ought to have, then imposing that money on the public. The same economists presumably would not dictate what sorts of shoes we should have, or how many, or one what terms. The question of why economists…
โข
“When money is created at a faster rate than real economic growth, the result is inflation. Yet so far this year, Chinaโs official statistics show consumer inflation at barely over 3 percent. Those figures have many economists scratching their heads, wondering where the inflation went, while most people in China seem content to believe their…
โข
“Is this a currency war or what?… In Washington, where a โstrong dollarโ has been the mantra for years, policymakers are taking steps that could make the already weak dollar weaker still… The dollarโs decline is being driven by what everyone in global markets is expecting โ another round of so-called quantitative easing by the…
โข
“In early October, China’s Premier Wen Jiabao addressed European leaders in Brussels. Ominous talk of currency wars dominated the proceedings. And why not? After all, America โ and a growing coalition of forces โ has mounted a massive attack on China. And the Americanled coalition’s weapon of choice is the renminbi- U.S. dollar exchange rate.…
โข
“Despite the overwhelming evidence that markets perform best when left alone by the government, it is still virtually taken for granted that one consumer product should be completely controlled by every government in the world. One product, so ubiquitous, that itโs used by almost everyone in the world on a daily basis: money. Money is…
โข
“Every Friday evening a few more banks are closed โ seized by the various state banking regulators and handed over to the Federal Deposit Insurance Corporation (FDIC) for liquidation. This all happens rather quietly, barely making the news. We’re told these bank failures are no big deal. No reason to panic. The names of the…
โข
“It seems certain, however, that we shall merely make matters worse if we aim at curing the deflationary symptoms and, at the same time (by the erection of trade barriers and other forms of state intervention) do our best to increase rather than to decrease the fundamental maladjustments. More than that: while the advantages of…
โข
In The Constitution of Liberty, F.A. Hayek advised: “All those who wish to stop the drift toward increasing government control should concentrate their effort on monetary policy”. Sound Money will have a special panel during Atlas’s upcoming Liberty Forum on Wednesday, November 10, at 9:00am. The Sound Money session will feature talks by: Judy Shelton…
โข
“The third-highest inflation rate in the world is making investors less confident in Argentinaโs ability to keep up economic growth and repay debt beginning in 2012, credit default swaps show. Five-year contracts that protect investors against a default by Argentina cost 123 basis points, or 1.23 percentage points, more than two-year swaps on Oct. 15,…
โข
“Oil prices rose to near $81 a barrel Friday in Asia, rebounding slightly from the previous session’s steep drop, as traders mull the possible effects of anticipated moves by the U.S. Federal Reserve to spur economic growth.” Read more.ย “Oil rises to near $81 as traders mull Fed moves” Alex Kennedyย Businessweek, October 22, 2010.…
โข
“Hypothetical monetary systems always look better than actual experience. Economists therefore view their responsibility as deciding what characteristics money ought to have, then imposing that money on the public. The same economists presumably would not dictate what sorts of shoes we should have, or how many, or one what terms. The question of why economists…
โข
“When money is created at a faster rate than real economic growth, the result is inflation. Yet so far this year, Chinaโs official statistics show consumer inflation at barely over 3 percent. Those figures have many economists scratching their heads, wondering where the inflation went, while most people in China seem content to believe their…
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