Sound Money
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“What’s the Bigger Worry: Inflation or Deflation?”
“If you get $1,000 per month in pension income that is not adjusted each year for inflation, then it will buy you $1000 worth of goods in 25 years assuming no inflation. But, at 2 per cent for 25 years, which is pretty much what we are getting now, the purchasing power of your $1,000…
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“Bernanke Makes Case to Senators”
“Federal Reserve Chairman Ben Bernanke defended the central bank’s plan to buy government bonds during a private gathering with U.S. senators, responding to several days of attacks from Republicans who say the Fed is causing inflation and weakening the dollar. The Fed chairman denied the U.S. was manipulating the currency through its plan to purchase…
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“Fresh Attacks on Fed Move”
“A group of prominent Republican-leaning economists, coordinating with Republican lawmakers and political strategists, is launching a campaign this week calling on Fed Chairman Ben Bernanke to drop his plan to buy $600 billion in additional U.S. Treasury bonds. “The planned asset purchases risk currency debasement and inflation, and we do not think they will achieve…
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“Mahathir Says Currency Trading ‘Silly’, Advocates Return to Peg”
“Former Malaysian Prime Minister Mahathir Mohamad, who fought off an attack on the ringgit with capital controls during the Asian financial crisis, said currency trading is “silly” and the world should return to the Bretton Woods System of fixed exchange rates. Currency wars are futile and the U.S. Federal Reserve’s latest quantitative easing plan will…
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“Greenspan vs. Geithner in ‘weak dollar’ debate”
“Alan Greenspan, former chairman of the Federal Reserve, and U.S. Treasury Secretary Timothy Geithner locked horns Thursday over whether the Obama administration is supporting a weak dollar to bolster the economy. Greenspan, in an op-ed piece in the Financial Times, claimed that the U.S. government is deliberately weakening the dollar, while Geithner asserted in an…
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“Mission Impossible: Rescuing the Dollar”
“In Dubai last week, actor Tom Cruise ran around the outside of the world’s tallest building suspended by a cable 2,700 feet in the air while shooting a scene for his fourth Mission Impossible film. The stunt was Cruise’s “most dangerous yet,”reported London’s Daily Mail. Also last week, the Federal Reserve announced it would create another $600…
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“Has the Fed Been a Failure?” – Selgin, Lastrapes and White
“As the one-hundredth anniversary of the 1913 Federal Reserve Act approaches, we assess whether the nation’s experiment with the Federal Reserve has been a success or a failure. Drawing on a wide range of empirical research, we find the following: 1) The Fed’s full history (1914 to present) has been characterized by more rather than…
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“Leading Chinese credit rating agency downgrades USA government bonds”
“One of China’s leading credit rating agencies has downgraded United States of America government debt in response to what it sees as deliberate devaluation of the dollar by quantitative easing and other means. If China, now the second biggest economy in the world, stops buying US government bonds this could have a very negative effect…
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“Time to Reform the International Monetary System”
“A funny thing happened on the way to the G-20 meeting in Seoul, South Korea, this week: The world’s growing dissatisfaction with U.S. policy toward the dollar has derailed the Obama administration’s proposal to elevate trade balances as the reference point for currency values. Instead of asserting America’s traditional leadership role, President Barack Obama is…
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A Return to the Gold Standard? – Richard Ebeling
“Monetary central planning has worked no better than any other form of central planning over the last one hundred years. The world’s central bankers – just like the central planners in the old Soviet Union – just do not have the knowledge, wisdom and ability to successful manage the monetary system of a market economy.…
-
“What’s the Bigger Worry: Inflation or Deflation?”
“If you get $1,000 per month in pension income that is not adjusted each year for inflation, then it will buy you $1000 worth of goods in 25 years assuming no inflation. But, at 2 per cent for 25 years, which is pretty much what we are getting now, the purchasing power of your $1,000…
-
“Bernanke Makes Case to Senators”
“Federal Reserve Chairman Ben Bernanke defended the central bank’s plan to buy government bonds during a private gathering with U.S. senators, responding to several days of attacks from Republicans who say the Fed is causing inflation and weakening the dollar. The Fed chairman denied the U.S. was manipulating the currency through its plan to purchase…
-
“Fresh Attacks on Fed Move”
“A group of prominent Republican-leaning economists, coordinating with Republican lawmakers and political strategists, is launching a campaign this week calling on Fed Chairman Ben Bernanke to drop his plan to buy $600 billion in additional U.S. Treasury bonds. “The planned asset purchases risk currency debasement and inflation, and we do not think they will achieve…
-
“Mahathir Says Currency Trading ‘Silly’, Advocates Return to Peg”
“Former Malaysian Prime Minister Mahathir Mohamad, who fought off an attack on the ringgit with capital controls during the Asian financial crisis, said currency trading is “silly” and the world should return to the Bretton Woods System of fixed exchange rates. Currency wars are futile and the U.S. Federal Reserve’s latest quantitative easing plan will…
-
“Greenspan vs. Geithner in ‘weak dollar’ debate”
“Alan Greenspan, former chairman of the Federal Reserve, and U.S. Treasury Secretary Timothy Geithner locked horns Thursday over whether the Obama administration is supporting a weak dollar to bolster the economy. Greenspan, in an op-ed piece in the Financial Times, claimed that the U.S. government is deliberately weakening the dollar, while Geithner asserted in an…
-
“Mission Impossible: Rescuing the Dollar”
“In Dubai last week, actor Tom Cruise ran around the outside of the world’s tallest building suspended by a cable 2,700 feet in the air while shooting a scene for his fourth Mission Impossible film. The stunt was Cruise’s “most dangerous yet,”reported London’s Daily Mail. Also last week, the Federal Reserve announced it would create another $600…
-
“Has the Fed Been a Failure?” – Selgin, Lastrapes and White
“As the one-hundredth anniversary of the 1913 Federal Reserve Act approaches, we assess whether the nation’s experiment with the Federal Reserve has been a success or a failure. Drawing on a wide range of empirical research, we find the following: 1) The Fed’s full history (1914 to present) has been characterized by more rather than…
-
“Leading Chinese credit rating agency downgrades USA government bonds”
“One of China’s leading credit rating agencies has downgraded United States of America government debt in response to what it sees as deliberate devaluation of the dollar by quantitative easing and other means. If China, now the second biggest economy in the world, stops buying US government bonds this could have a very negative effect…
-
“Time to Reform the International Monetary System”
“A funny thing happened on the way to the G-20 meeting in Seoul, South Korea, this week: The world’s growing dissatisfaction with U.S. policy toward the dollar has derailed the Obama administration’s proposal to elevate trade balances as the reference point for currency values. Instead of asserting America’s traditional leadership role, President Barack Obama is…
-
A Return to the Gold Standard? – Richard Ebeling
“Monetary central planning has worked no better than any other form of central planning over the last one hundred years. The world’s central bankers – just like the central planners in the old Soviet Union – just do not have the knowledge, wisdom and ability to successful manage the monetary system of a market economy.…
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