Monetary Policy
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“Economic Recovery Slower Than Expected”
“Federal Reserve leaders marked down their expectations for growth and inflation last month, concluding that the economic recovery is proceeding more slowly than they had thought in the spring but that the slowdown did not warrant new policy actions. But Fed leaders did agree to explore options for supporting the economy further in case conditions…
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Money and Banking: The American Experience
The style of Money and Banking: The American Experience is one of article and comment. An author provides an article on the issues of money and banking in the U.S. and another academic provides a comment on said article. The table of contents is as follows: Introduction by Clifford F. Thies “Money and Banking: The…
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Gold Wars
“This book is much more than a chronicle of gold wars. It is also an account of the historical failure of ‘Esperanto money.’ Over a hundred years ago, a Polish physician by the name of Ludovik Lazarus Zamenhof (1859-1917) created a synthetic language in the hope of removing the curse of Babel from mankind. According…
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Getting Off Track
“Throughout history, financial crises have always been caused by excesses—frequently monetary excesses—which lead to a boom and an inevitable bust. In our current crisis it was a housing boom and bust that in turn led to financial turmoil in the United States and other countries. How did everything deteriorate so suddenly and dramatically? In Getting…
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“A Free-Market Monetary System”
“When a little over two years ago, at the second Lausanne Conference of this group, I threw out, almost as a sort of bitter joke, that there was no hope of ever again having decent money, unless we took from government the monopoly of issuing money and handed it over to private industry, I took…
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“Pound Rises After Data Show Higher-Than-Expected Inflation”
“The pound rose against the dollar, snapping a three-day drop, as reports showed inflation above economists’ forecasts and higher retail sales, stoking speculation that the Bank of England may raise interest rates. “Although inflation is supposed to be coming down, it’s not falling as expected,” said George Tchetvertakov, head of market research at Alpari Ltd.,…
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“Your Money Back”
“Is Ron Paul’s suggestion that the Federal Reserve be eliminated a “fringe position,” as Josh Barro suggested in the June 21 issue of National Review (“Mend the Fed”)? It depends on what “fringe” means. If it means simply that a large majority disagrees, then Representative Paul’s position deserves that characterization. But if “fringe” is meant…
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“Honest Money through bearer shares, a proposal”
“Nobody understands money, least of all economists. Too sweeping a statement? Perhaps. But every analysis of the workings of monetary systems that I have ever read has been seriously in error at one or more crucial points. This is true not only of the supposedly impartial opuses of academic economics, but also of the writings…
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“Haste Makes Waste in Financial Regulatory Bill”
“The Congressional Conference Committee worked all night on Friday, June 25, finally quitting at 5:37 in the morning, so that President Obama could go to the G-20 Summit in Canada saying that Congress had finished a bill. Throughout the night comments were penciled in on the 2,315-page bill, so many in fact that the committee…
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Highlighting Hayek
Is the world finally looking to the ideas of Friedrich Hayek? It appears that the intellectual debate may be heading in a new direction. Stimulus spending has done practically nothing to reduce unemployment or spur growth; instead it has merely inflated the deficit and enraged taxpayers. Instead of falling into a vicious cycle of government…
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“Economic Recovery Slower Than Expected”
“Federal Reserve leaders marked down their expectations for growth and inflation last month, concluding that the economic recovery is proceeding more slowly than they had thought in the spring but that the slowdown did not warrant new policy actions. But Fed leaders did agree to explore options for supporting the economy further in case conditions…
-
Money and Banking: The American Experience
The style of Money and Banking: The American Experience is one of article and comment. An author provides an article on the issues of money and banking in the U.S. and another academic provides a comment on said article. The table of contents is as follows: Introduction by Clifford F. Thies “Money and Banking: The…
-
Gold Wars
“This book is much more than a chronicle of gold wars. It is also an account of the historical failure of ‘Esperanto money.’ Over a hundred years ago, a Polish physician by the name of Ludovik Lazarus Zamenhof (1859-1917) created a synthetic language in the hope of removing the curse of Babel from mankind. According…
-
Getting Off Track
“Throughout history, financial crises have always been caused by excesses—frequently monetary excesses—which lead to a boom and an inevitable bust. In our current crisis it was a housing boom and bust that in turn led to financial turmoil in the United States and other countries. How did everything deteriorate so suddenly and dramatically? In Getting…
-
“A Free-Market Monetary System”
“When a little over two years ago, at the second Lausanne Conference of this group, I threw out, almost as a sort of bitter joke, that there was no hope of ever again having decent money, unless we took from government the monopoly of issuing money and handed it over to private industry, I took…
-
“Pound Rises After Data Show Higher-Than-Expected Inflation”
“The pound rose against the dollar, snapping a three-day drop, as reports showed inflation above economists’ forecasts and higher retail sales, stoking speculation that the Bank of England may raise interest rates. “Although inflation is supposed to be coming down, it’s not falling as expected,” said George Tchetvertakov, head of market research at Alpari Ltd.,…
-
“Your Money Back”
“Is Ron Paul’s suggestion that the Federal Reserve be eliminated a “fringe position,” as Josh Barro suggested in the June 21 issue of National Review (“Mend the Fed”)? It depends on what “fringe” means. If it means simply that a large majority disagrees, then Representative Paul’s position deserves that characterization. But if “fringe” is meant…
-
“Honest Money through bearer shares, a proposal”
“Nobody understands money, least of all economists. Too sweeping a statement? Perhaps. But every analysis of the workings of monetary systems that I have ever read has been seriously in error at one or more crucial points. This is true not only of the supposedly impartial opuses of academic economics, but also of the writings…
-
“Haste Makes Waste in Financial Regulatory Bill”
“The Congressional Conference Committee worked all night on Friday, June 25, finally quitting at 5:37 in the morning, so that President Obama could go to the G-20 Summit in Canada saying that Congress had finished a bill. Throughout the night comments were penciled in on the 2,315-page bill, so many in fact that the committee…
-
Highlighting Hayek
Is the world finally looking to the ideas of Friedrich Hayek? It appears that the intellectual debate may be heading in a new direction. Stimulus spending has done practically nothing to reduce unemployment or spur growth; instead it has merely inflated the deficit and enraged taxpayers. Instead of falling into a vicious cycle of government…
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