Topic: Central Banking

Robust Political Economy and the Fed – Peter Boettke

– October 14, 2010

“But I wonder if in these discussions of monetary policy in response to the financial crisis the political economy of public policy is not seriously being overlooked. I have in fact raised these concerns before, and while the political economy costs ar …

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“Why Inflation Matters” – Steven Horwitz

– October 13, 2010

From our friends at the Mercatus Center: “Although it has yet to make an appearance on the current economic scene, inflation continues to be a ghost that haunts the future of the U.S. economy. The Federal Reserve System has pumped an unprecedented amou …

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“Alan Goldspan”

– October 13, 2010

By Reuven Brenner* Seemingly out of the blue, the U.S. Federal Reserve chairman is hinting at a return to the gold standard. If so, currency markets are in for a shock.  Last month in a speech before the Economic Club of New York, Alan Greenspan praise …

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“It’s the Money, Stupid”

– October 13, 2010

“At the moment, Republican leaders and policy elites are advancing exclusively fiscal solutions that address only the government response to the economic crisis and not the crisis itself. Fiscal deficits did not create the crisis, and reducing deficits …

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Central Banking, Limited Purpose Banking, Free Banking…

– October 12, 2010

“But if the problem isn’t in the application of the system, but it is the system, then all efforts to reform practice will fail, and fail miserably. This is what we believe the logic of economic argument leads one to conclude about central banking and …

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“Blame Central Banking Not Banks”

– October 12, 2010

“Too much money leads first to a boom and then a terrible bust. Re-stimulation continues the process and makes economic imbalances worse over time until finally the whole system begins to collapse and something else emerges. We are in a collapse phase …

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“Inflation Cause and Effect”

– October 11, 2010

“But back to the question of the cause of inflation. Basically when the government increases the money supply faster than the quantity of goods increases we have inflation. Interestingly as the supply of goods increase the money supply has to increase …

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“Dollar Reaches 15-Year Low Versus Yen”

– October 7, 2010

“The dollar dropped to a 15-year low against the yen and the weakest in more than eight months against the euro amid growing expectations the Federal Reserve will expand credit easing to sustain the U.S. recovery.” Read more.  “Dollar Reaches 15-Year L …

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“What’s Wrong with Fed Policy?”

– October 6, 2010

“Investor reaction to Ben Bernanke’s apparent focus on price indices — jumping into the stock market when he hints that he may not raise rates, and jumping out when they suspect he will — is understandable. These reactions do not imply that investors p …

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“The Fed Is All Wrong About Inflation”

– October 6, 2010

“To summarize: government programs to support housing have depressed rental prices, which is making core inflation artificially low. And since the Fed uses core CPI as one of its primary inflation gauges, Bianco says the central bank is lulling itself …

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“Monetary Policy and the Business Cycle”

– October 6, 2010

“From my view, I would welcome the day when the topic of this conference—”Money, Politics, and the Business Cycle”—would become obsolete. Not because there is no relation between money, politics, and the business cycle; there is. But I would welcome th …

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“Tea Partiers support audit of Federal Reserve”

– October 1, 2010

“Though Republican Rep. Ron Paul told The Daily Caller last week that he was worried that “some people have slipped into the Tea Party who are awfully close to being part of the establishment,” on at least one particular anti-establishment issue close …

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