Topic: Economic Growth


Two Legends in Economics Wrestle Over the Euro’s Future

– September 28, 2012

FORTUNE — Robert Mundell and Allan Meltzer rank among the most influential economists of the past half-century. Mundell, a professor at Columbia University, garnered a Nobel Prize in 1999, in part for his work in defining what he calls “optimum curren …

Industrial production

Is Greater Productivity a Danger?

– June 27, 2012

It is bad enough that opponents of the free market wrongly blame capitalism for environmental pollution, depressions, and wars. Whatever the failings of their causal theories, at least they are focused on undoubtedly bad things. We have really gone beyond the pale, though, when the market is blamed for something good.

money printer

It’s the Money Supply, Stupid!

– June 21, 2012

During the 1992 presidential campaign, former President Clinton’s rallying cry was “It’s the Economy, Stupid.” He sang it to perfection and won the election. Today, the smart politicians (and economists) should realize that “It’s the Money Supply, Stupid.”


Ron Paul and the Martian Atmosphere Machine

– March 22, 2012

“Bernanke, give these people air!” by John DeFeo Ron Paul has staked his presidential hopes on a few key issues, among the most prominent being monetary policy. The feisty Texas congressman has had his share of ideological head-butting with Federal Res …


Lagarde’s Golden Opportunity

– July 6, 2011

Article and photo originally found at The Wall Street Journal: Opinion Europe Author: Dr. Judy Shelton It can be hard to remember these days, but the International Monetary fund started out as an undeniable force for good. Even as World War II was ragi …


“Slow Growth, Inflation Makes US Bonds Bad Buy: Gross” – CNBC

– May 16, 2011

“The US economy is headed for a period of higher inflation and lower growth that makes the nation’s debt unappealing when measured against its global competitors, Pimco’s Bill Gross told CNBC. The head of the world’s largest bond firm, with nearly $1.3 …


“U.S. Government Spending Is the Biggest Threat to Economic Recovery” – Money Morning

– May 12, 2011

“Bernanke continues to dismiss inflation as a big U.S. economic concern, and the Fed decided last week to keep interest rates between 0.00% and 0.25% “for an extended period.” But U.S. consumers have complained that sky-high gasoline prices are eating …


“Does Economic Growth Cause Inflation?” – Mises Daily

– March 16, 2011

“According to mainstream thinking, the stronger the monetary pumping is, the stronger the pace of spending — and consequently the stronger the monetary income and the so-called real economy is going to be. In short, in this framework more money means m …


“Easy Money and the Decapitalization of America” – Cato

– February 17, 2011

“Federal Reserve monetary policy over the past 15 years or so has produced bubble after bubble,and each bubble (or each group of contemporaneous bubbles) is bigger in aggregate and more damaging than the one that preceded it. Each bubble destroys part …


“Put Off Badly Needed Budget Cuts? Austerity Doesn’t Mean No Growth” – Reynolds

– January 19, 2011

The Times’ real point was to argue that, “Whatever the sum .. . cutting billions would be foolish at a time when joblessness is high and the recovery needs stimulus, not tightening. … Spending cuts need not and should not start today, but the nation …


“Does Government Spending Affect Economic Growth” – Mercatus

– January 19, 2011

“Government spending, even in a time of crisis, is not an automatic boon for an economy’s growth. A body of empirical evidence shows that, in practice, government outlays designed to stimulate the economy may fall short of that goal. Such findings have …


Selgin’s ‘Less Than Zero’: Required Reading for Central Bankers

– January 10, 2011

“By chance I came across two articles today that are wildly optimistic about global economic growth in the future. First, via Karl Smith, I see that Robin Hanson is talking up the possibility of a robot-induced “singularity” in the future that will rad …