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“The Free-Coinage Scheme is Impracticable at Every Point”
“The amount of circulating cash of all kinds in the hands of the people at the present time is about nine hundred millions. If the dollar was reduced to half its present value, and if allowance was made for reserves, two thousand million silver dollars would be the specie requirement of the country. We already […]
READ MORELessons from the History of Financial Regulation
Charles W. Calomiris, who is Professor of Financial Institutions at Columbia Business School and a visiting scholar at the American Enterprise Institute, has recently published a paper on the lessons that can be drawn from the history of financial regulation. “The Political Lessons of Depression-Era Banking Reform” looks more specifically at the regulatory response the […]
READ MOREOverdose – Documentary on the Financial Crisis
On May 17, the Cato Institute will host a premiere of a new documentary on the financial crisis–Overdose. The trailer can be seen here. The documentary is based upon Swedish writer Johan Norberg’s book Financial Fiasco. Cato describes Overdose as follows: “This 46-minute documentary is a fast-paced look at how we got into the financial […]
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