Topic: Central Banking

“The Fed Weighs In on Credit Card Reform”

– June 7, 2010

“Last year, when Congress passed the Credit Card Accountability, Responsibility and Disclosure Act, it declined to extend new consumer protections against certain card company practices to small business accounts. This was in part because some legislat …

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“Fed Bank Chief Calls for Interest Rate Hikes”

– June 4, 2010

“Thomas Hoenig, the head of the Federal Reserve Bank of Kansas City, is cementing his reputation as the best friend of savers with money in the bank. Hoenig, who has a seat on the Fed’s interest-rate committee, on Thursday called for the central bank t …

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Implicit Inflation

– June 3, 2010

The problem of inflation is a major concern in economics; it gives rise to economic discoordination and affects the distribution of wealth. Among most economists, inflation is generally seen just as a sustained increase in the level of prices, and not …

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“Bernanke Continues Fight Against More Fed Scrutiny”

– June 2, 2010

“With Congress getting close to finalizing an overhaul of the nation’s financial-regulatory system, Federal Reserve Chairman Ben Bernanke weighed in against provisions in the proposed legislation that would subject the central bank to more political sc …

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Bill Anderson on the Weak Dollar

– June 2, 2010

“Mike Van Winkle asks Prof. Bill Anderson of Frostburg State University What is a weak dollar? And why does it matter?” Listen in here. First Principles Episode 12: The weak dollar; does it matter? Via the Foundation for Economic Education. Image by re …

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“Sound banking saved Canada”

– June 1, 2010

“In conjunction with Wall Street investment houses, lenders created the increasingly risky loans designed to help Americans realize the dream of homeownership, giving birth to such questionable practices as no or minimal down payments, no income docume …

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“Monetary Central Planning and the State”

– May 28, 2010

The Future of Freedom Foundation has an in-depth history of the debate over a monetary central authority. Dr. Richard Ebeling offers his stunning knowledge on the subject in a 40 part series entitled “Monetary Central Planning and the State”. To read h …

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On the EU’s Bank Bailout Fund

– May 28, 2010

On Wednesday, I posted a Wall Street Journal article on the EU’s plan to levy taxes on banks that would fund a bank bailout system. The article states,  But the commission is adamant that the funds shouldn’t be used to pump capital into banks or for ot …

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“When Will the Eurozone Collapse?”

– May 27, 2010

“As a long-standing critic of the concept of a single European currency, I have not rejoiced at the current problems in the eurozone that threaten the very survival of the euro. Before discussing the events surrounding the Greek debt crisis further, I …

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About the Fed

– May 27, 2010

“How does monetary policy affect the U.S. economy? The point of implementing policy through raising or lowering interest rates is to affect people’s and firms’ demand for goods and services. This section discusses how policy actions affect real interes …

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“Free Banking for Zimbabwe”

– May 26, 2010

“Zimbabwe’s hyperinflation is destroying the economy, pushing more of its inhabitants into poverty and forcing millions of Zimbabweans to emigrate. Since 1997, inflation has surged by 1,030,217%, while living standards (as measured by real GDP per capi …

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Free Banking in Britain

– May 26, 2010

“Free banking, generically speaking, denotes a monetary system without a central bank, under which the issuing of currency is left to private banks. This book explores how this could work in practice by examining how this has worked historically, speci …

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