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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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“When Will the Eurozone Collapse?”
“As a long-standing critic of the concept of a single European currency, I have not rejoiced at the current problems in the eurozone that threaten the very survival of the euro. Before discussing the events surrounding the Greek debt crisis further, I must provide at least a working definition of what the word “collapse” means.…
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The Recovery Starts With Sound Money – Judy Shelton
The willingness to work for the sake of future prosperity is a universal human quality, but people must believe there is a link between effort and reward. The euro is beset with fiscal calamities that threaten its downfall, and markets in the U.S. are roiled by uncertainty over the government’s financial regulatory legislation. But don’t…
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About the Fed
“How does monetary policy affect the U.S. economy? The point of implementing policy through raising or lowering interest rates is to affect people’s and firms’ demand for goods and services. This section discusses how policy actions affect real interest rates, which in turn affect demand and ultimately output, employment, and inflation. What are real interest…
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Israel Kirzner on Entrepreneurship
Israel Kirzner presents an excellent piece on entrepreneurship for the students at the Advanced Austrian Economics seminar hosted by the Foundation for Economic Education. Given today’s regulation of financial markets and other steps taken to “prevent future problems” in the financial and monetary systems, perhaps it is worth questioning what happens to the entrepreneur when…
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More calls for Keynesian policies
Creating fears about declining M3 in order to encourage another round of monetary expansion and government spending? Take a look at http://www.telegraph.co.uk/finance/economics/7769126/US-money-supply-plunges-at-1930s-pace-as-Obama-eyes-fresh-stimulus.html . Take a look at these paragraphs written by Ambrose Evans-Pritchard: “It’s frightening,” said Professor Tim Congdon from International Monetary Research. “The plunge in M3 has no precedent since the Great Depression. The…
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