Topic: Monetary Policy

“The Case for Auditing the Fed is Obvious”

– April 28, 2010

“Recently, the Federal Reserve has significantly altered the procedures and goals that it had followed for decades. It has more than doubled its balance sheet, paid interest to banks on reserves held as deposits with the Fed, made decisions about which …

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Wolf and Krugman Discuss Austrian Economics

– April 28, 2010

Martin Wolf (Financial Times) and Paul Krugman (New York Times) discuss Austrian economics.

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Deflating China’s Bubble

– April 23, 2010

Reining in China’s investment boom will be hard. The Chinese authorities are damned if they do and damned if they don’t.

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In a Culture of Excess, the Fat Cats will Rule

– April 23, 2010

“Free market economists are not necessarily defenders of business. Crony capitalism has a long history. Mercantilism was a form of crony capitalism, and was the main target of Adam Smith’s critical abilities. And while modern Smithians understand how i …

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China on a Tightrope

– April 22, 2010

Economic reform requires political reform. China’s leaders must loosen control if they want harmony.

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“Academia’s War Against Free Market Money”

– April 22, 2010

“In a confrontational and much-needed LewRockwell.com article, Prof. William Anderson launched a counter-attack against mainstream academic economists’ refusal to consider seriously the Austrian School’s theory of money. Despite the fact that Ludwig vo …

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“Free Market Money – Instead of Political Manipulation”

– April 21, 2010

“Money is the most important commodity in an economic system Indeed, money ‘makes the world go ’round.’ This is because money is the general medium of exchange. We sell our products and services for money, and then use it to buy the products and servic …

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“Euro Under Pressure As Greek Bonds Slump”

– April 21, 2010

“The euro is slumping against the dollar Wednesday morning as Greek bond prices tumble and their yields surge higher against their German counterparts. The dollar is split against other major currencies, with little change against the yen, a retreat ag …

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“The Financial Crisis Grinch”

– April 19, 2010

Our friends at the Cato Institute have offered this podcast on the financial crisis. “The Financial Crisis Grinch” Featuring Gerald P. O’Driscoll, Jr. Novermber 24, 2008.

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Hyperinflation

– April 8, 2010

“Inflation is a sustained increase in the aggregate price level. Hyperinflation is very high inflation. Although the threshold is arbitrary, economists generally reserve the term ‘hyperinflation’ to describe episodes when the monthly inflation rate is …

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The Seigniorage Curse

– March 31, 2010

“The Seigniorage Curse appears to hollow out the economy by the following manner: First, the premium charged to holders of dollars becomes a new source of accrued, aggregate revenue. This extra capital flowing into the economy is initially seen as a gl …

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Politicising money lending is not the path to prosperity

– March 29, 2010

“One part of Alastair Darling’s Budget that appears to have received little attention from the media is his plan for a ‘Credit Adjudication Service’. This new body, it appears, will provide an appeals process for small and medium businesses that have b …

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