Topic: Central Banking

“Rising Gold Prices Affect Local Companies”

– September 30, 2010

“In financial circles, analysts credit the rising price of gold to an unlikely duo: investors seeking shelter and central bankers from India, Bangladesh and other developing countries. Both are wary of a falling dollar. It starts with low interest rate …

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Money Mischief: Episodes in Monetary History

– September 29, 2010

“Nobel Prize-winner Milton Friedman — dubbed ‘the Oliver Stone of economists’ by the Chicago Tribune — makes clear once and for all that no one, from the local corner merchant to the Wall Street banker to the president of the United States, is immune …

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“The Lag in Effect of Monetary Policy”

– September 29, 2010

“First, discretionary policy at times tends to be dominated by goals other than, and even contradictory to, stabilization (for example, pegging bonds yields, halting gold outflows), whereas the automatic framework cannot be so readily exploited for oth …

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“Thomas Hoenig is Fed Up”

– September 24, 2010

“This is Tom Hoenig’s moment, and it’s a strange one. In Washington, he is the burr in Fed Chairman Bernanke’s saddle: the rogue heartland banker who keeps dissenting alone—for the sixth straight time on Sept. 21—to protest the Fed’s rock-bottom intere …

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Cato Institute’s 28th Annual Monetary Conference on Nov. 18

– September 24, 2010

Our friends over at the Cato Institute will be hosting their 28th Annual Monetary Conference on November 18. Cato’s 28th Annual Monetary Conference — Asset Bubbles and Monetary Policy — will address a key issue underlying the 2008 financial crisis: Did …

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“Gold Miners Gain on Fed’s Latest Views”

– September 23, 2010

“Miners such as Newmont (NEM) and Silver Wheaton (SLW) galloped to new highs on Wednesday, as gold prices reached another new peak in the wake of the Fed’s latest comments. The Federal Reserve on Tuesday indicated that it was prepared to pump fresh cas …

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Commitment

– September 22, 2010

“There’s a difference between interest and commitment. When you’re interested in doing something, you do it only when circumstance permit. When you’re committed to something, you accept no excuses, only results.” – Unknown Today’s Atlas Liberty Café fe …

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Devaluing the Dollar

– September 21, 2010

“The historical episodes of hyperinflation that we know of consisted of rapidly falling money demand alongside rapidly rising money supply. In general terms, what tends to happen is that after many years of persistently high monetary inflation, people …

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“Gold Prices Rise Ahead of Fed”

– September 20, 2010

“Gold prices were continuing their climb to $1,300 an ounce as investors bet on the Federal Reserve announcing another round of quantitative easing on Tuesday. If the Fed decides to buy more government bonds and expand the size of its balance sheet, it …

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“The Radical Banking Reform that Would End the Boom and Bust in Banking”

– September 17, 2010

“We all know what notes and coins are. They allow us to exchange the fruits of our work for the goods of others. When we deposit cash in Bank A – say £100 – we lend this money to the bank. But as soon as you make a deposit it becomes the bank’s. They t …

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The Reserve-Currency Curse — WSJ

– September 16, 2010

By John D. Mueller POLITICAL ECONOMY The Wall Street Journal   Publication Date: September 4, 1986 Since 1971 the world has suffered two great inflations and three recessions. Hopes for a world-wide economic expansion have been interrupted once again, …

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“Greenspan: Fiscal Stimulus Worked Far Less Than Expected”

– September 15, 2010

“The former head of the Federal Reserve said fiscal stimulus efforts have fallen far short of expectations, and the government now needs to get out of the way and allow businesses and markets to power the recovery. “We have to find a way to simmer down …

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