Central Banking

Thursday, August 3rd, 2017

The previous post presented Hayek’s knowledge problem in the context of the economic calculation debate under socialism. We discussed the distinction (sometimes overlooked) between information and knowledge .

Wednesday, August 2nd, 2017

In my previous posts, Andreas Hoffmann and I discussed the problem of unintended consequences in monetary policy, particularly as applied to the U.S. Federal Reserve and the European Central Bank in the context of the 2008 crisis.

Sunday, July 16th, 2017

The Federal Reserve’s (Fed) and European Central Bank’s (ECB) policy responses to the recent financial disasters offer two tales of unintended consequences.

Wednesday, May 10th, 2017
Cheap money becomes very expensive in the long run. In my new book, “Escape from the Central Bank Trap” (Business Expert Press), I explain that central banks are using the same inflationary policies that led us to the financial crisis.
Wednesday, February 26th, 2014
Another brilliant piece by Judy Shelton: "As Ukrainians mourn their dead and vow to prosecute their recently deposed leader, the valor of those who died must now inspire others to build a new Ukraine worthy of their struggle and sacrifice.
Wednesday, July 10th, 2013
by Alex Chafuen

Central Banks have been tools to destroy rule of law in many countries.

Friday, December 28th, 2012

The Federal Reserve’s decision to enter the New Year by extending and enlarging its policy of quantitative easing is another step toward “helicopter money”

Tuesday, December 18th, 2012

Bloomberg's recently (and quite rightly) christened "Forbes 30 Under 30" superstar Josh Barro is inside my head.

Sunday, December 16th, 2012

As an economic crisis manager, Leszek Balcerowicz has few peers. When communism fell in Europe, he pioneered "shock therapy" to slay hyperinflation and build a free market.

Friday, December 14th, 2012

The Federal Reserve’s latest moves to reduce borrowing costs and boost the economy could be hard to reverse

Wednesday, December 5th, 2012

In his recent Mises Daily article "Fool's Gold Standards," John P. Cochran warns his readers against accepting any monetary reform less than that of money created by the free market.

Monday, December 3rd, 2012

The only plank remaining under notable discussion from either national convention platform of 2012 is the GOP platform’s call for a national monetary commission.