Sound Banking

Wednesday, May 19th, 2010
"Everything that is done by a government against the purchasing power of the monetary unit is, under present conditions, done against the middle classes and the working classes of the population. Only these people don't know it. And this is the tragedy.
Wednesday, May 19th, 2010
The UK inflation rate jumped to 3.7 percent last month, way above the Bank of England's 2 percent target.
Wednesday, May 19th, 2010
"Russ Roberts, host of EconTalk, discusses his paper, "Gambling with Other People's Money: How Perverted Incentives Created the Financial Crisis." Roberts reflects on the past eighteen months of podcasts on the crisis, and then tu
Tuesday, May 18th, 2010
"On January 3rd, US Federal Reserve Chairman Ben S. Bernanke delivered a major speech at the annual meeting of the American Economic Association. In his formal paper, "Monetary Policy and the Housing Bubble," Chairman Bernanke argues that the Fed's monetary policy was not responsible for the U.S.
Tuesday, May 18th, 2010
"If fiscal imbalances are not addressed through spending cuts and revenue increases, only two options remain: inflation for countries that borrow in their own currency and can monetize their deficits; or default for countries that borrow in a foreign currency or can’t print their own.
Tuesday, May 18th, 2010
Stephen Roach, Chief Economist of Morgan Stanley, have been a critic of the Fed for many years.
Monday, May 17th, 2010
"Anchoring the currency to the dollar and thus outsourcing monetary policy to the U.S. Federal Reserve had been a success, but special interests and politicians could not bear that it robbed them of power.
Monday, May 17th, 2010
Thomas Hoenig, a voting member of the Fed's interest rate decision body, the Federal Open Market Committee (FOMC), has on several occasions expressed concerns about the direction of U.S. monetary policy. During the last year, he has been a lone voice of dissent at FOMC meetings.
Thursday, May 13th, 2010
"This week’s Senate floor votes on the powers of the Federal Reserve caught my attention. Despite Congress’s bipartisan lashing of the Fed for its performance before and after the financial crisis of 2008, the Fed this week defeated two challenges to its autonomy as a central bank.
Thursday, May 13th, 2010
"For Turkey, Metin (1995) analyzed inflation using a general framework of sectoral relationships and found that fiscal expansion was a determining factor for inflation. The excess demand for money affected inflation positively, but only in the short run.
Thursday, May 13th, 2010

Research Reports - 05/17/2010

Wednesday, May 12th, 2010
"A Senate vote Tuesday left no doubt: Congress wants to know more about what the Federal Reserve was up to when its asset portfolio grew by more than $1 trillion during the financial crisis.
What companies did the Fed help, and on what terms?
Tuesday, May 11th, 2010
"At a defining moment for the European Union, its largest country, Germany, appeared divided and its leader absent, raising significant concerns about what kind of leadership Chancellor Angela Merkel can offer as the region tries to stabilize financial markets and shore up its common currency."
Friday, May 7th, 2010
World-wide stock markets plunged yesterday as the ongoing sovereign debt crisis in Europe is worsening.
Friday, May 7th, 2010
On Wednesday, I posted a link to a Freedom Daily article by Jim Powell. It was a very interesting article. I highly recommend it for those who are not aware of the history of Argentina and its fall from prosperity.
Wednesday, May 5th, 2010
"The next major question that needs to be asked is: How do they know?
Tuesday, May 4th, 2010
"In the free market, interest rates perform the same functions as all other prices: to provide information to market participants; to serve as an incentive mechanism for buyers and sellers; and to bring market supply and demand into balance.

Pages