Sound Money
-
“Managed Money” – Alan Reynolds
“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…
-
“Dollar Sinks Amid Fed Speculation…”
“The dollar weakened against 15 of 16 major peers, losing at least 1.5 percent versus currencies including the Australian dollar and Swedish krona. The U.S. currency has depreciated more than 3 percent versus all 16 major counterparts since the end of August, falling more than 10 percent versus the euro and Australian dollar, as speculation…
-
Messynomics and the Troubles with Money – Peter Boettke
“Money is non-neutral, and the capital structure in an economy consists of combination of heterogeneous capital goods that multiple-specific uses. Once these propositions are included in the analysis, along with other messy aspects of the real world, our understanding of market theory and the price system shifts drastically. Nothing can be treated as given. Everything…
-
Currency Chaos: Where Do We Go From Here? – Judy Shelton
‘The most important initiative you could take to improve the world economy would be to stabilize the dollar-euro rate.’Global monetary relations are in disarray. Exchange rates fluctuate wildly among the world’s major trade partners, spawning talk of protectionism and a currency war. Gold is soaring as the dollar slides, and economists debate whether the biggest…
-
“Alan Goldspan”
By Reuven Brenner* Seemingly out of the blue, the U.S. Federal Reserve chairman is hinting at a return to the gold standard. If so, currency markets are in for a shock. Last month in a speech before the Economic Club of New York, Alan Greenspan praised the gold standard, the first time he has unambiguously…
-
“Dollar Bears”
“What matters is to have an agreed-upon unit of account in terms of which trading partners could price every contractual agreement, preferably having the medium of exchange serve as the unit of account, too. This anchor is missing in the international monetary system today, and is one reason for the financial havoc surrounding us. The…
-
“Dishonest Money”
“If every time we bring the results of the sweat of our brow to market, we are subject to an arbitrary assessment of their worth, either we are suffering from deliberate imposts on the part of the authorities, or we are partaking not in an entrepreneurial risk, but in a capricious lottery in which we…
-
“Dollar Reaches 15-Year Low Versus Yen”
“The dollar dropped to a 15-year low against the yen and the weakest in more than eight months against the euro amid growing expectations the Federal Reserve will expand credit easing to sustain the U.S. recovery.” Read more. “Dollar Reaches 15-Year Low Versus Yen on Fed; Euro Strengthens” Keith Jenkins and Yasuhiko Seki Businessweek, October…
-
“The U.S. Dollar and Prosperity: Accidents Waiting to Happen”
“A lasting solution would be to recognize explicitly that market prices, reflected in the yield curve and gold price have been the most reliable signals of the global demand for dollar liquidity. The daily correlation between gold and the dollar has been in the −0.9 range over extended periods, whereas the correlation coefficient for the…
-
“Rising Gold Prices Affect Local Companies”
“In financial circles, analysts credit the rising price of gold to an unlikely duo: investors seeking shelter and central bankers from India, Bangladesh and other developing countries. Both are wary of a falling dollar. It starts with low interest rates. Central banks usually hold currencies from the world’s largest economies — dollars, pounds and yen…
-
“Managed Money” – Alan Reynolds
“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…
-
“Dollar Sinks Amid Fed Speculation…”
“The dollar weakened against 15 of 16 major peers, losing at least 1.5 percent versus currencies including the Australian dollar and Swedish krona. The U.S. currency has depreciated more than 3 percent versus all 16 major counterparts since the end of August, falling more than 10 percent versus the euro and Australian dollar, as speculation…
-
Messynomics and the Troubles with Money – Peter Boettke
“Money is non-neutral, and the capital structure in an economy consists of combination of heterogeneous capital goods that multiple-specific uses. Once these propositions are included in the analysis, along with other messy aspects of the real world, our understanding of market theory and the price system shifts drastically. Nothing can be treated as given. Everything…
-
Currency Chaos: Where Do We Go From Here? – Judy Shelton
‘The most important initiative you could take to improve the world economy would be to stabilize the dollar-euro rate.’Global monetary relations are in disarray. Exchange rates fluctuate wildly among the world’s major trade partners, spawning talk of protectionism and a currency war. Gold is soaring as the dollar slides, and economists debate whether the biggest…
-
“Alan Goldspan”
By Reuven Brenner* Seemingly out of the blue, the U.S. Federal Reserve chairman is hinting at a return to the gold standard. If so, currency markets are in for a shock. Last month in a speech before the Economic Club of New York, Alan Greenspan praised the gold standard, the first time he has unambiguously…
-
“Dollar Bears”
“What matters is to have an agreed-upon unit of account in terms of which trading partners could price every contractual agreement, preferably having the medium of exchange serve as the unit of account, too. This anchor is missing in the international monetary system today, and is one reason for the financial havoc surrounding us. The…
-
“Dishonest Money”
“If every time we bring the results of the sweat of our brow to market, we are subject to an arbitrary assessment of their worth, either we are suffering from deliberate imposts on the part of the authorities, or we are partaking not in an entrepreneurial risk, but in a capricious lottery in which we…
-
“Dollar Reaches 15-Year Low Versus Yen”
“The dollar dropped to a 15-year low against the yen and the weakest in more than eight months against the euro amid growing expectations the Federal Reserve will expand credit easing to sustain the U.S. recovery.” Read more. “Dollar Reaches 15-Year Low Versus Yen on Fed; Euro Strengthens” Keith Jenkins and Yasuhiko Seki Businessweek, October…
-
“The U.S. Dollar and Prosperity: Accidents Waiting to Happen”
“A lasting solution would be to recognize explicitly that market prices, reflected in the yield curve and gold price have been the most reliable signals of the global demand for dollar liquidity. The daily correlation between gold and the dollar has been in the −0.9 range over extended periods, whereas the correlation coefficient for the…
-
“Rising Gold Prices Affect Local Companies”
“In financial circles, analysts credit the rising price of gold to an unlikely duo: investors seeking shelter and central bankers from India, Bangladesh and other developing countries. Both are wary of a falling dollar. It starts with low interest rates. Central banks usually hold currencies from the world’s largest economies — dollars, pounds and yen…
Newsletter
Liberty and prosperity
at your fingertips.
By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact