Articles by Tom Duncan
“The State and 100 Percent Reserve Banking” – Selgin
“Free bankers have been fighting a war on two fronts. On one they face champions of central banking and managed money. On the other they struggle against advocates of 100-percent reserve banking. Although the second front is a lot smaller than the firs …
“A Note on the Machiavellian Origins of Central Banking in America” – QJAE
“In The Mystery of Banking, Murray Rothbard explained how the origins of central banking in the U.S. were rooted in a lobbying effort by Robert Morris and other “nationalists” to create a bank modeled after the Bank of England that would subsidize thei …
“Defense Spending No Longer ‘Sacred Cow’ to Republicans Searching for Cuts” – Bloomberg
“As the House Budget Committee worked on a Republican plan to cut more than $6 trillion of government spending over a decade, the panel’s senior Democrat proposed a symbolic amendment saying national security costs should be included in any responsible …
“Barney Frank’s Latest Bad Idea” – WSJ
“Mr. Frank’s bill is simple and remarkably short by Washington standards: two pages. It would strike the language in Section 12A of the Federal Reserve Act that provides for voting membership by the New York Fed and rotating voting membership by the ot …
“Hoenig Urges Fed to Raise Interest Rates to Encourage Saving” – Bloomberg
“Federal Reserve Bank of Kansas City President Thomas Hoenig, the central bank’s longest-serving policy maker, said the U.S. needs to raise interest rates to encourage individuals to save and avoid future asset bubbles. Hoenig, who doesn’t vote on mone …
