Getting to the Bottom?
On Wednesday, March 10, a Wall Street Journal article announced that the Financial Crisis Panel will be convened in early April with Alan Greenspan as the center act. According to the article, “The hearing will focus on the explosion of subprime mortga …
READ MORE“Monetary Policy and the Free-Market Economy”
“Let me say first that I believe in the benefits conferred by the free market as strongly as anybody in this country: nobody, anywhere, has yet devised a way of organising economic activity which comes close to the free market as a way of efficiently p …
READ MOREThe Transmission Mechanism of Monetary Policy
“Economists do not agree about how monetary policy affects the economy. Different observers weigh in different ways the various specific channels through which monetary policy works. Views diverge even about the monetary transmission process in individ …
READ MOREMonetary Policy Operating Procedures
“This work provides an overview of monetary policy operating procedures in emerging market economies. Most of the discussion reflects the situation in mid-1998. The emphasis is on general principles although in practice country-specific factors conditi …
READ MORE“Belongia on the Fed”
“Michael Belongia of the University of Mississippi and former economist at the St. Louis Federal Reserve talks with EconTalk host Russ Roberts about the inner workings, politics, and economics of the Federal Reserve. Belongia talks about the role that …
READ MOREThe Yo-Yo Tactic: Stop and Go Economics
In an op-ed for the Wall Street Journal, Fed Chairman Ben Bernanke commented on his “exit strategy”. There is a large amount of money floating around in the economy, and the Fed is finally starting to worry about it. Thus far, banks have held back the …
READ MOREThe Rationale of Central Banking and the Free Banking Alternative
“In the present century centralised banking systems have come to be regarded as the usual concomitant, if not one of the conditions of the attainment of an advanced stage of economic development. The belief in the desirability of central bank organisat …
READ MORECreating A Money Economy: Eastern Europe’s Crucial Challenge
Research Reports – 1990, Issue: 12 Creating A Money Economy: Eastern Europe’s Crucial Challenge The following remarks have been excerpted from University of Zurich Professor Willy Linder’s “Monetary Aspects of Recent Developments in Eastern Europe,” wh …
READ MOREProspects for a Monetary Constitution
Economic Education Bulletin Vol. XXVIII, no. 6 | June, 1988 includes content by Dr. James M. Buchanan, and Dr. Peter Bernholz
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