Paul Krugman’s Ad Hominem Defense of Central Banking

– August 3, 2020

“Paul Krugman may hide behind rude and crude ad hominem attacks on those who do not share his views, but that does not prove his case. It only serves to harm his own reputation and legitimacy in the arena of public policy debate.” ~ Richard M. Ebeling

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Ben Bernanke

Long-Discredited Positions on the Monetary System

– July 31, 2020

“Considering the evidence, it appears to be Mr. Rattner, rather than Ms. Shelton, who holds “long-discredited positions on the monetary system.” Historical bank failures and crises, particularly during the Great Depression, are generally attributable to interference by regulators and central bankers, not to the gold standard.” ~ Thomas L. Hogan

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money, bomb, spark

Global Money Supply Growth and the Great Inflation Getaway

– June 30, 2020

“Maintenance of the level of employment rather than inflation has become the focus of official policy everywhere. Stimulus will continue until employment is restored to its pre-crisis level and there remains a colossal debt overhang to temper inflationary tendencies, but there is a real and present danger that, in the process of returning the economy to full-employment, consumer price inflation will get away.” ~ Colin Lloyd

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goldenbricks

Krugman and the Goldbugs

– August 23, 2019

Many economists have strong opinions about the gold standard. Few seem to understand how a gold standard functions.

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govgold

Is There Such a Thing as a Free-Market Gold Standard?

– July 31, 2019

Although the multiplication of national gold standards that gave rise to the classical gold standard was partly accidental and partly the outcome of deliberate legislation, market forces also played an important part in it.

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goldbricks

The Workings of the Gold Standard

– July 8, 2019

Interventionist monetary policies, intending to lower interest rates to boost the economy or increase employment, are circumscribed.

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