Monetary Economics
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Not so Modern Monetary Theory
“If the issue of an unbacked or insufficiently-backed currency exceeds the amount needed to pay the tax, and even exceeds the amount in demand as a medium of exchange, the value of that currency will fall (or, there will be inflation).” ~ Gary M. Pecquet & Clifford F. Thies
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The Fed’s Share of Public Debt: Worsening Withdrawal Symptoms?
“Can Congress quit the Fed’s easy money policy that has allowed them to push debt levels well above 100% of GDP, or will the addiction demand more QE to support Washington’s spending habit?” ~ Peter T. Calcagno & Edward J. Lopez
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Leave the Gas Station Owners Out of It
“Saddling gas station owners with the blame for a particularly damaging aspect of the ongoing inflation increase is, beyond wildly inaccurate, irresponsible and morally unconscionable.” ~ Peter C. Earle
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Strike Three for the Federal Reserve
“No batter always gets on base but America, nay the world, has a high-quality pinch hitter that it benched a century ago: the Gold Standard. It’s not perfect but it is far better, and fairer, than the Fed.” ~ Robert E. Wright
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Inflation: Hidden Costs & Debunking Myths | Liberty Curious (Video)
“In this episode of Liberty Curious, AIER Research Faculty Peter C. Earle discusses some of the lesser-known costs of inflation. He also provides an overview of what inflation actually is- and what really causes it.” ~ AIER
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Stocks and Bonds Hurt Alike Under Stagflation
“When bonds and stocks decline a lot and simultaneously it suggests inflation is rising rapidly even as the economy is stagnating or contracting (or will soon do so). For most economists today, that combination is near-impossible.” ~ Richard M. Salsman
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Public Schools Are Using Inflation To Extort Taxpayers
“While there isn’t much that can be done in the short term to mitigate public school excess, taxpayers should at least be aware that public schools are using inflation as an excuse to extort them.” ~ Garion Frankel
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Want to Understand the Inflation Problem? Look to Harvey Road, Not Pennsylvania Avenue
“A bipartisan generation of loose money and loose budgets has created major negative spillover effects, and today’s inflation problem is what we all have to show for it.” ~ Peter T. Calcagno & Edward J. Lopez
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Bad Explanations for Inflation
“Hopefully, these lousy explanations will soon fade out of the public’s consciousness. We need to focus on what matters: a comparative abundance of money over goods. ” ~ Alexander William Salter
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Can The Fed Save Us?
“The realities of Public Choice should make everyone think twice when asserting that the Fed or any agency should be doing something specific to fix the economy and that they will be able to make the right choice.” ~ Fernando M. D’Andrea & Ryan M. Yonk
-
•
Not so Modern Monetary Theory
“If the issue of an unbacked or insufficiently-backed currency exceeds the amount needed to pay the tax, and even exceeds the amount in demand as a medium of exchange, the value of that currency will fall (or, there will be inflation).” ~ Gary M. Pecquet & Clifford F. Thies
-
•
The Fed’s Share of Public Debt: Worsening Withdrawal Symptoms?
“Can Congress quit the Fed’s easy money policy that has allowed them to push debt levels well above 100% of GDP, or will the addiction demand more QE to support Washington’s spending habit?” ~ Peter T. Calcagno & Edward J. Lopez
-
•
Leave the Gas Station Owners Out of It
“Saddling gas station owners with the blame for a particularly damaging aspect of the ongoing inflation increase is, beyond wildly inaccurate, irresponsible and morally unconscionable.” ~ Peter C. Earle
-
•
Strike Three for the Federal Reserve
“No batter always gets on base but America, nay the world, has a high-quality pinch hitter that it benched a century ago: the Gold Standard. It’s not perfect but it is far better, and fairer, than the Fed.” ~ Robert E. Wright
-
•
Inflation: Hidden Costs & Debunking Myths | Liberty Curious (Video)
“In this episode of Liberty Curious, AIER Research Faculty Peter C. Earle discusses some of the lesser-known costs of inflation. He also provides an overview of what inflation actually is- and what really causes it.” ~ AIER
-
•
Stocks and Bonds Hurt Alike Under Stagflation
“When bonds and stocks decline a lot and simultaneously it suggests inflation is rising rapidly even as the economy is stagnating or contracting (or will soon do so). For most economists today, that combination is near-impossible.” ~ Richard M. Salsman
-
•
Public Schools Are Using Inflation To Extort Taxpayers
“While there isn’t much that can be done in the short term to mitigate public school excess, taxpayers should at least be aware that public schools are using inflation as an excuse to extort them.” ~ Garion Frankel
-
•
Want to Understand the Inflation Problem? Look to Harvey Road, Not Pennsylvania Avenue
“A bipartisan generation of loose money and loose budgets has created major negative spillover effects, and today’s inflation problem is what we all have to show for it.” ~ Peter T. Calcagno & Edward J. Lopez
-
•
Bad Explanations for Inflation
“Hopefully, these lousy explanations will soon fade out of the public’s consciousness. We need to focus on what matters: a comparative abundance of money over goods. ” ~ Alexander William Salter
-
•
Can The Fed Save Us?
“The realities of Public Choice should make everyone think twice when asserting that the Fed or any agency should be doing something specific to fix the economy and that they will be able to make the right choice.” ~ Fernando M. D’Andrea & Ryan M. Yonk