Topic: Inflation

“Fresh Attacks on Fed Move”

– November 17, 2010

“A group of prominent Republican-leaning economists, coordinating with Republican lawmakers and political strategists, is launching a campaign this week calling on Fed Chairman Ben Bernanke to drop his plan to buy $600 billion in additional U.S. Treasu …

READ MORE

“Mahathir Says Currency Trading ‘Silly’, Advocates Return to Peg”

– November 16, 2010

“Former Malaysian Prime Minister Mahathir Mohamad, who fought off an attack on the ringgit with capital controls during the Asian financial crisis, said currency trading is “silly” and the world should return to the Bretton Woods System of fixed exchan …

READ MORE

“Greenspan vs. Geithner in ‘weak dollar’ debate”

– November 15, 2010

“Alan Greenspan, former chairman of the Federal Reserve, and U.S. Treasury Secretary Timothy Geithner locked horns Thursday over whether the Obama administration is supporting a weak dollar to bolster the economy. Greenspan, in an op-ed piece in the Fi …

READ MORE

“Mission Impossible: Rescuing the Dollar”

– November 12, 2010

“In Dubai last week, actor Tom Cruise ran around the outside of the world’s tallest building suspended by a cable 2,700 feet in the air while shooting a scene for his fourth Mission Impossible film. The stunt was Cruise’s “most dangerous yet,”reported …

READ MORE

“Has the Fed Been a Failure?” – Selgin, Lastrapes and White

– November 12, 2010

“As the one-hundredth anniversary of the 1913 Federal Reserve Act approaches, we assess whether the nation’s experiment with the Federal Reserve has been a success or a failure. Drawing on a wide range of empirical research, we find the following: 1) T …

READ MORE

“Leading Chinese credit rating agency downgrades USA government bonds”

– November 12, 2010

“One of China’s leading credit rating agencies has downgraded United States of America government debt in response to what it sees as deliberate devaluation of the dollar by quantitative easing and other means. If China, now the second biggest economy …

READ MORE

“Time to Reform the International Monetary System”

– November 12, 2010

“A funny thing happened on the way to the G-20 meeting in Seoul, South Korea, this week: The world’s growing dissatisfaction with U.S. policy toward the dollar has derailed the Obama administration’s proposal to elevate trade balances as the reference …

READ MORE

“Back to a Gold Standard?”

– November 12, 2010

“The gold standard shackled central bankers to a sinking ship. When countries left the gold standard, they began to recover. Countries that were never on the gold standard had very mild recessions during the Great Depression. Why would we ever want to …

READ MORE

Getting on Track

– November 12, 2010

On Wednesday, November 10, Sound Money held a panel at annual Liberty Forum hosted by Atlas. The panel featured Judy Shelton, Sean Fieler and Steven Horwitz, with Matt Kibbe of FreedomWorks acting as moderator. Perhaps it is a bit self-serving to say t …

READ MORE

A Return to the Gold Standard? – Richard Ebeling

– November 11, 2010

“Monetary central planning has worked no better than any other form of central planning over the last one hundred years. The world’s central bankers – just like the central planners in the old Soviet Union – just do not have the knowledge, wisdom and a …

READ MORE

Larry White on the Business Cycle

– November 11, 2010

Peter Boettke over on Coordination Problem posted an excellent video of Larry White discussing the Austrian theory of the business cycle. Enjoy!

READ MORE

“Ben Bernanke’s Impossible Dream” – WSJ

– November 10, 2010

“At Jackson Hole, Mr. Bernanke explained that “if inflation expectations were too low . . . an increase in inflation expectations could become a benefit.” Well, he’s certainly succeeded in raising inflationary expectations. But rising commodity prices …

READ MORE