Sound Money Project
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Bank of Canada Raises Overnight Rate
“The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 1/2 per cent. The Bank Rate is correspondingly raised to 3/4 per cent and the deposit rate is kept at 1/4 per cent, thus re-establishing the normal operating band of 50 basis…
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Crisis Risk Moves from Credit to Politics
“The causes of the global financial crisis of 2008 were almost entirely flaws in the credit system based on leverage, exotic financial instruments, and a sharp drop in American housing prices. Just as that cycle has begun to end, and GDP in major nations has begun to recover, another potentially damaging set of risks has…
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Doug Bandow Reviews “Money, Markets and Sovereignty”
“The era of laissez-faire capitalism is over, it is said, as if the era of laissez-faire capitalism ever really began. Still, globalization has helped open markets around the world. At a time of economic crisis, Benn Steil and Manuel Hinds mount a well-documented defense of globalization, ‘the extension of consensual economic exchange across borders.’ They…
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Bill Anderson on the Weak Dollar
“Mike Van Winkle asks Prof. Bill Anderson of Frostburg State University What is a weak dollar? And why does it matter?” Listen in here. First Principles Episode 12: The weak dollar; does it matter? Via the Foundation for Economic Education. Image by renjith krishnan / FreeDigitalPhotos.net.
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Exonerating the Community Reinvestment Act by Steve Horwitz
In my various talks and written work on the financial crisis and the recession, I’ve taken pains to minimize the responsibility assigned to the Community Reinvestment Act for causing the high-risk loans that led to so much trouble. This point often bothers many free market types in the audience/readership who are convinced the CRA was…
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2010 CMRE Conference Summary by Leonard Liggio
On Thursday, May 20, the Committee for Monetary Research & Education (CMRE) held a meeting on the state and future of the dollar. The focus of the meeting was to shed light on the question: “Is the Dollar a Zombie?” The admirable James Grant recently wrote the editorial Requiem for the Dollar which prompts the…
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“Sound banking saved Canada”
“In conjunction with Wall Street investment houses, lenders created the increasingly risky loans designed to help Americans realize the dream of homeownership, giving birth to such questionable practices as no or minimal down payments, no income documentation and the deferral of principal and interest payments for years on many loans — making them unaffordable when…
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“Monetary Central Planning and the State”
The Future of Freedom Foundation has an in-depth history of the debate over a monetary central authority. Dr. Richard Ebeling offers his stunning knowledge on the subject in a 40 part series entitled “Monetary Central Planning and the State”. To read his work, here is a link to the FFF’s Freedom Daily. “Monetary Central Planning…
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On the EU’s Bank Bailout Fund
On Wednesday, I posted a Wall Street Journal article on the EU’s plan to levy taxes on banks that would fund a bank bailout system. The article states, But the commission is adamant that the funds shouldn’t be used to pump capital into banks or for other measures that could benefit bank shareholders and creditors.…
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Steve Horwitz on Monetary Equilibrium Theory
“Professor Steve Horwitz gives a talk on Capital and Its Structure to the student of the Advanced Austrian Economics seminar in Irvington, New York.” Listen here. Mentary Equilibrium Theory Steve Horwitz Advanced Austrian Economics Via the Foundation for Economic Education. Image by renjith krishnan / FreeDigitalPhotos.net.
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Bank of Canada Raises Overnight Rate
“The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 1/2 per cent. The Bank Rate is correspondingly raised to 3/4 per cent and the deposit rate is kept at 1/4 per cent, thus re-establishing the normal operating band of 50 basis…
-
Crisis Risk Moves from Credit to Politics
“The causes of the global financial crisis of 2008 were almost entirely flaws in the credit system based on leverage, exotic financial instruments, and a sharp drop in American housing prices. Just as that cycle has begun to end, and GDP in major nations has begun to recover, another potentially damaging set of risks has…
-
Doug Bandow Reviews “Money, Markets and Sovereignty”
“The era of laissez-faire capitalism is over, it is said, as if the era of laissez-faire capitalism ever really began. Still, globalization has helped open markets around the world. At a time of economic crisis, Benn Steil and Manuel Hinds mount a well-documented defense of globalization, ‘the extension of consensual economic exchange across borders.’ They…
-
Bill Anderson on the Weak Dollar
“Mike Van Winkle asks Prof. Bill Anderson of Frostburg State University What is a weak dollar? And why does it matter?” Listen in here. First Principles Episode 12: The weak dollar; does it matter? Via the Foundation for Economic Education. Image by renjith krishnan / FreeDigitalPhotos.net.
-
Exonerating the Community Reinvestment Act by Steve Horwitz
In my various talks and written work on the financial crisis and the recession, I’ve taken pains to minimize the responsibility assigned to the Community Reinvestment Act for causing the high-risk loans that led to so much trouble. This point often bothers many free market types in the audience/readership who are convinced the CRA was…
-
2010 CMRE Conference Summary by Leonard Liggio
On Thursday, May 20, the Committee for Monetary Research & Education (CMRE) held a meeting on the state and future of the dollar. The focus of the meeting was to shed light on the question: “Is the Dollar a Zombie?” The admirable James Grant recently wrote the editorial Requiem for the Dollar which prompts the…
-
“Sound banking saved Canada”
“In conjunction with Wall Street investment houses, lenders created the increasingly risky loans designed to help Americans realize the dream of homeownership, giving birth to such questionable practices as no or minimal down payments, no income documentation and the deferral of principal and interest payments for years on many loans — making them unaffordable when…
-
“Monetary Central Planning and the State”
The Future of Freedom Foundation has an in-depth history of the debate over a monetary central authority. Dr. Richard Ebeling offers his stunning knowledge on the subject in a 40 part series entitled “Monetary Central Planning and the State”. To read his work, here is a link to the FFF’s Freedom Daily. “Monetary Central Planning…
-
On the EU’s Bank Bailout Fund
On Wednesday, I posted a Wall Street Journal article on the EU’s plan to levy taxes on banks that would fund a bank bailout system. The article states, But the commission is adamant that the funds shouldn’t be used to pump capital into banks or for other measures that could benefit bank shareholders and creditors.…
-
Steve Horwitz on Monetary Equilibrium Theory
“Professor Steve Horwitz gives a talk on Capital and Its Structure to the student of the Advanced Austrian Economics seminar in Irvington, New York.” Listen here. Mentary Equilibrium Theory Steve Horwitz Advanced Austrian Economics Via the Foundation for Economic Education. Image by renjith krishnan / FreeDigitalPhotos.net.
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