Topic: Fiscal Policy

Central Banking, Currency, Fiscal Policy, Gold Standard, Inflation, Monetary Policy, Sound Money, Sound Money Project

Money Printing is the Only Thing Keeping the System Afloat

– October 19, 2012

The hyperbolic trend increase in the quantity of money is a reflection of this necessity, implying that if the Fed’s money issuance is at a slower rate than required, then strains will appear in the financial system. There are a number of reasons behind this monetary acceleration, not least the need to perpetuate bubbles in securities markets, but there are three major underlying problems.

Central Banking, Fiscal Policy, Inflation, Monetary Policy, Sound Money Project

Inflation: Washington is Blind to Main Street’s Biggest Concern

– October 16, 2012

Journalists, politicians and economists all seem to agree that the biggest economic issue currently worrying voters is unemployment. It follows then that most believe that the deciding factor in the presidential race will be the ability of each candidate to convince the public that his policies will create jobs. It seems that everyone got this memo…except the voters.

Central Banking, Currency, Fiscal Policy, Gold Standard, Inflation, Monetary Policy, Sound Money, Sound Money Project

Easy Money Is Punishing the Middle Class

– October 5, 2012

A policy of low but persistent inflation anesthetizes workers to declining real wages.

Central Banking, Economic Growth, Fiscal Policy, Inflation, International, Monetary Policy, Sound Banking, Sound Money Project

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 …

Central Banking, Fiscal Policy, Inflation, Monetary Policy, Sound Money Project

Why QE3 Will Fail

– September 17, 2012

Study of business cycles must be based upon a satisfactory cycle theory. Gazing at sheaves of statistics without “prejudgment” is futile. A cycle takes place in the economic world, and therefore a usable cycle theory must be integrated with general eco …

Central Banking, Fiscal Policy, International, Monetary Policy, Sound Money, Sound Money Project

Slumping Money Supply (Not Austerity) Plunges Hungary Into Recession

– August 22, 2012

Hungary is in a recession, again. According to the chattering classes, as well as many analysts and financial reporters, fiscal austerity is the cause of Hungary’s slump. Nonsense. Hungary’s recession results from its slumping money supply.

Fiscal Policy, Policy, Sound Money, Sound Money Project

Ryan: Boon or Bane for U.S. Dollar?

– August 17, 2012

Good news: Vice Presidential candidate Paul Ryan may put the focus of the presidential campaign on the sustainability of the U.S. budget. Bad news: Ryan’s plan delivers some tough medicine.

Fiscal Policy, Sound Money, Sound Money Project

Achieving Sound Money (from the archives of Antony Fisher)

– July 27, 2012

The good students of economic history marvel at how often human beings commit the same mistakes. In a draft about “How to Achieve a Sound Money (and avoid the Road to Serfdom)”, Antony Fisher quotes then British Prime Minister Callaghan. In The Wal …

Central Banking, Fiscal Policy, Monetary Policy, Sound Money Project

Ron Paul on LIBOR “Isn’t this essentially what the Fed does?”

– July 26, 2012

July 25, 2012 C-SPAN Representative from Texas Dr. Ron Paul questions Timothy Geithner about the LIBOR SCANDAL, the Fed, interest rates, and American taxpayers paying elite bond traders to serve (and become very wealthy) as intermediaries between the T …

Central Banking, Fiscal Policy, International, Monetary Policy, Sound Money, Sound Money Project

Money, Where’s the Money?

– July 23, 2012

Why is money supply failing to grow?

Currency, Fiscal Policy, Gold Standard, History, International, Sound Money Project, Unemployment

The Euro’s Fetters?

– July 9, 2012

Is the Euro harder to escape than the Gold Standard? Spanish economist Jesús Huerta de Soto just published a new article entitled “An Austrian Defense of the Euro.” In this paper Huerta de Soto develops an argument based on the lectures given by Nobel …

bank-of-england-official-discusses-implications

Central Banking, Fiscal Policy, International, Monetary Policy, Sound Money Project

A Call to Arms for Central Banks

– June 19, 2012

How central banks tend to destroy economies and what we can do to stop them.