Topic: Sound Banking

Like fish in a barrel.

– March 22, 2011

The most important matter to anyone concerned with expanding freedom by limiting government is the matter of sound money. In fact the definition of sound money boils down to freedom of choice in money.

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“AIG, Fed, in Sub-Prime Bond Standoff” – WSJ

– March 21, 2011

“American International Group Inc. is trying to force the hand of the Federal Reserve on a large portfolio of subprime-mortgage bonds it wants to repurchase, putting the central bank in the position of weighing taxpayers’ interests against those of the …

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Larry White on Free Banking and Gold

– March 18, 2011

Larry White gives a lecture on the benefits of Free Banking and the Gold Standard at the Cato Monetary Conference in November, 2010. Watch it here. Larry White on Free Banking and Gold  Sheldon Richman Anything Peaceful, March 8, 2011.  Via the Foundat …

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“Government Borrowing Won’t Create Savings” – Freeman

– March 17, 2011

“I long have believed there are two schools of thought on our current economic crisis and its effect on the federal government’s budget. The first is that the government must stop destroying the dollar, cut back all spending, and give up trying to “sti …

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“Blanchard on the Future of Macroeconomic Policy” – EconLog

– March 17, 2011

“Summarizing an IMF conference, Olivier Blanchard lists nine points. I will make extended comments below the fold. Here is a crucial sentence: ‘Monetary policy has to go beyond inflation stability, adding output and financial stability to the list of t …

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“Detached From Reality” – FreedomWorks

– March 16, 2011

“By 2020, public debt in the United States is set to reach 90 percent of GDP, a line that many economists demarcate as when accumulated debt pushes an economy to the precipice of fiscal demise. Entitlement spending remains on autopilot and some federal …

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“Why Financial Regulation is Doomed to Fail” – Econlog

– March 16, 2011

“Financial regulation may be the cleanest test of regulation in general, in the sense that if regulation works anywhere, it should work in the financial sector. Here, regulatory transparency is high: Banks report vast quantities of data to regulators, …

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“Inflation and You” – Ludwig von Mises

– March 11, 2011

“The first fact that needs to be noted in answering such questions is that inflation is detrimental to all creditors. The higher prices rise, the lower will fall the purchasing power of the principal and interest payments due. The dollar which was loan …

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“Oil Jump Presents Conundrum for Fed” – WSJ

– March 8, 2011

“Two top Federal Reserve officials on Monday offered conflicting views on the right response to higher oil prices, kicking off what’s likely to be a lively debate within the central bank. While Dallas Fed President Richard Fisher signaled higher oil pr …

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“Fed Officials Past and Present: ‘They Did It'” – Seeking Alpha

– March 7, 2011

“Lately, that seems to be the message coming from current and past Fed officials regarding the housing and credit boom in the early-to-mid 2000s. First Ben Bernanke, then Vincent Reinhart, and now Janet Yellen have come out saying it was excess savings …

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The Power to Tax – James M. Buchanan

– March 7, 2011

“The Leviathan exploitation of the revenue potential of the money-creation power is a possibility that will be among those to be reckoned with in the constitutional deliberations of the citizen when he considers the possible efficacy of granting indepe …

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“Fed’s Treasury Purchase ‘Monetizing the Debt,’ Hoenig Says”

– March 3, 2011

“Federal Reserve Bank of Kansas City President Thomas Hoenig said the central bank is “monetizing debt” with its purchases of U.S. Treasuries, a program that he says may spur inflation. “Yes, we are monetizing debt,” Hoenig said today in a speech in Ne …

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