Sound Money
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Art Carden to Speak at Rhodes College, Nov. 17
The Sound Money project of the Atlas Economic Research Foundation will be sponsoring a lecture on “The Importance of Sound Money” by Dr. Art Carden at Rhodes College on November 17, 2010. “The Importance of Sound Money” Dr. Art Carden Wednesday, November 17 at 7:00pm Orgill Room in Clough Hall (#51) Dr. Carden is an…
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Devaluing the Dollar
“The historical episodes of hyperinflation that we know of consisted of rapidly falling money demand alongside rapidly rising money supply. In general terms, what tends to happen is that after many years of persistently high monetary inflation, people begin to anticipate future monetary inflation. That is, people begin to factor the effects of the expected…
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The Reserve-Currency Curse — WSJ
By John D. Mueller POLITICAL ECONOMY The Wall Street Journal Publication Date: September 4, 1986 Since 1971 the world has suffered two great inflations and three recessions. Hopes for a world-wide economic expansion have been interrupted once again, by an economic slowdown and the threat of a trade war. Will the world ever settle down to…
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The Monetary Theorist From The Little House on the Prairie?
“The FEE archives are full of correspondences. Many of these letters contain interesting discussions on the economics, politics, and philosophy of liberty. Shifting through them it becomes clear that those in the liberty movement truly cared about obtaining a better understand of how society works. This letter from Rose Wilder Lane to Leonard Read on…
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Why QE Could Trigger a Collapse of the Dollar
“A week ago, the Federal Reserve initiated a new program of “quantitative easing” (QE), with the Fed purchasing U.S. Treasury securities and paying for those securities by creating billions of dollars in new monetary base. Treasury bond prices surged on the action. With the U.S. economy predictably weakening, this second round of quantitative easing appears…
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“Fed May Reemerge as Bigger Buyer With Resumption of Treasury Purchases”
“The Federal Reserve will likely reemerge as the biggest buyer of Treasuries when it resumes purchasing U.S. government securities today to prevent money from draining out of the financial system. JPMorgan Chase & Co. strategists estimate the Fed will buy about $284 billion in Treasuries over the next year, or more than the combined purchases…
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The immorality of today’s monetary policy
I have been reading Buying at the Point of Maximum Pessimism (FT Press, 2010), by Scott Phillips. Before introducing his “six value investment trends” he devotes close to 100 pages to describe what went wrong in the US economy. When he addresses current inflationary policies, he states “Technology is amazing: a policy maker’s ability to…
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“Fed Economic Outlook Sends Investors to Gold”
“The Fed’s commitment to maintaining liquidity and its deteriorating growth outlook are broadly speaking bullish for gold,” said Standard Bank analyst Leon Westgate. Gold is often seen as a stronger store of value than equities and other commodities in times of economic uncertainty, and the metal gained ground after the Federal Open Market Committee on…
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“Gold Is Steady Ahead of Fed”
“Spot gold was mostly flat early Monday in a quiet start to the week, as market participants await the Federal Reserve meeting Tuesday. Analysts said they expected the Fed’s comments this week to indirectly boost gold.” Read more. “Gold Is Steady Ahead of Fed” Matthew Walls The Wall Street Journal, August 9, 2010. Image by…
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“Dollar Near Eight-Month Low”
“The dollar traded near an eight-month low against the yen on speculation the Federal Reserve will take more credit easing measures to revive its flagging economic recovery, diminishing the appeal of U.S. assets. The greenback was close to its lowest level in three months versus the euro before a U.S. report today that economists said…
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Art Carden to Speak at Rhodes College, Nov. 17
The Sound Money project of the Atlas Economic Research Foundation will be sponsoring a lecture on “The Importance of Sound Money” by Dr. Art Carden at Rhodes College on November 17, 2010. “The Importance of Sound Money” Dr. Art Carden Wednesday, November 17 at 7:00pm Orgill Room in Clough Hall (#51) Dr. Carden is an…
-
Devaluing the Dollar
“The historical episodes of hyperinflation that we know of consisted of rapidly falling money demand alongside rapidly rising money supply. In general terms, what tends to happen is that after many years of persistently high monetary inflation, people begin to anticipate future monetary inflation. That is, people begin to factor the effects of the expected…
-
The Reserve-Currency Curse — WSJ
By John D. Mueller POLITICAL ECONOMY The Wall Street Journal Publication Date: September 4, 1986 Since 1971 the world has suffered two great inflations and three recessions. Hopes for a world-wide economic expansion have been interrupted once again, by an economic slowdown and the threat of a trade war. Will the world ever settle down to…
-
The Monetary Theorist From The Little House on the Prairie?
“The FEE archives are full of correspondences. Many of these letters contain interesting discussions on the economics, politics, and philosophy of liberty. Shifting through them it becomes clear that those in the liberty movement truly cared about obtaining a better understand of how society works. This letter from Rose Wilder Lane to Leonard Read on…
-
Why QE Could Trigger a Collapse of the Dollar
“A week ago, the Federal Reserve initiated a new program of “quantitative easing” (QE), with the Fed purchasing U.S. Treasury securities and paying for those securities by creating billions of dollars in new monetary base. Treasury bond prices surged on the action. With the U.S. economy predictably weakening, this second round of quantitative easing appears…
-
“Fed May Reemerge as Bigger Buyer With Resumption of Treasury Purchases”
“The Federal Reserve will likely reemerge as the biggest buyer of Treasuries when it resumes purchasing U.S. government securities today to prevent money from draining out of the financial system. JPMorgan Chase & Co. strategists estimate the Fed will buy about $284 billion in Treasuries over the next year, or more than the combined purchases…
-
The immorality of today’s monetary policy
I have been reading Buying at the Point of Maximum Pessimism (FT Press, 2010), by Scott Phillips. Before introducing his “six value investment trends” he devotes close to 100 pages to describe what went wrong in the US economy. When he addresses current inflationary policies, he states “Technology is amazing: a policy maker’s ability to…
-
“Fed Economic Outlook Sends Investors to Gold”
“The Fed’s commitment to maintaining liquidity and its deteriorating growth outlook are broadly speaking bullish for gold,” said Standard Bank analyst Leon Westgate. Gold is often seen as a stronger store of value than equities and other commodities in times of economic uncertainty, and the metal gained ground after the Federal Open Market Committee on…
-
“Gold Is Steady Ahead of Fed”
“Spot gold was mostly flat early Monday in a quiet start to the week, as market participants await the Federal Reserve meeting Tuesday. Analysts said they expected the Fed’s comments this week to indirectly boost gold.” Read more. “Gold Is Steady Ahead of Fed” Matthew Walls The Wall Street Journal, August 9, 2010. Image by…
-
“Dollar Near Eight-Month Low”
“The dollar traded near an eight-month low against the yen on speculation the Federal Reserve will take more credit easing measures to revive its flagging economic recovery, diminishing the appeal of U.S. assets. The greenback was close to its lowest level in three months versus the euro before a U.S. report today that economists said…
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