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Easy Money Is Punishing the Middle Class

– October 5, 2012

A policy of low but persistent inflation anesthetizes workers to declining real wages.

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Twin Demons

– October 1, 2012

It isn’t terribly often that people discuss the development of total war in tandem with the development of modern central banking, which — although antecedents existed long before — also came into its own in the 20th century.

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Two Legends in Economics Wrestle Over the Euro’s Future

– September 28, 2012

By Shawn Tully FORTUNE — Robert Mundell and Allan Meltzer rank among the most influential economists of the past half-century. Mundell, a professor at Columbia University, garnered a Nobel Prize in 1999, in part for his work in defining what he calls …

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Why QE3 Will Fail

– September 17, 2012

by Murray N. Rothbard   Study of business cycles must be based upon a satisfactory cycle theory. Gazing at sheaves of statistics without “prejudgment” is futile. A cycle takes place in the economic world, and therefore a usable cycle theory must b …

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The San Fran Fed Asks What People Think Of QE3: The People Respond

– September 17, 2012

The San Francisco Fed asked people what they thought Quantitative Easing would do to the economy. The answer wasn’t what they expected…

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Slumping Money Supply (Not Austerity) Plunges Hungary Into Recession

– August 22, 2012

Hungary is in a recession, again. According to the chattering classes, as well as many analysts and financial reporters, fiscal austerity is the cause of Hungary’s slump. Nonsense. Hungary’s recession results from its slumping money supply.

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Ryan: Boon or Bane for U.S. Dollar?

– August 17, 2012

Good news: Vice Presidential candidate Paul Ryan may put the focus of the presidential campaign on the sustainability of the U.S. budget. Bad news: Ryan’s plan delivers some tough medicine.

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Achieving Sound Money (from the archives of Antony Fisher)

– July 27, 2012

The good students of economic history marvel at how often human beings commit the same mistakes.   In a draft about “How to Achieve a Sound Money (and avoid the Road to Serfdom)”, Antony Fisher quotes then British Prime Minister Callaghan.   In The Wal …

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Ron Paul on LIBOR “Isn’t this essentially what the Fed does?”

– July 26, 2012

July 25, 2012 C-SPAN Representative from Texas Dr. Ron Paul questions Timothy Geithner about the LIBOR SCANDAL, the Fed, interest rates, and American taxpayers paying elite bond traders to serve (and become very wealthy) as intermediaries between the T …

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The Euro’s Fetters?

– July 9, 2012

Is the Euro harder to escape than the Gold Standard? by Gonzalo Schwarz Spanish economist Jesús Huerta de Soto just published a new article entitled “An Austrian Defense of the Euro.” In this paper Huerta de Soto develops an argument based on the lectu …

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A Call to Arms for Central Banks

– June 19, 2012

How central banks tend to destroy economies and what we can do to stop them.

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