Topic: Sound Banking

Inflation, Sound Banking, Sound Money Project, Unemployment

Job Creation via Jobless Benefits and Fed Money Printing: Signs of a Modern Day Depression

– November 30, 2012

Jobless benefits cant create Jobs

Inflation, Sound Banking, Sound Money Project

Sound money? Pah!

– November 26, 2012

We need more inflation. That’s the message of stock markets.

Currency, Gold Standard, Inflation, Sound Banking, Sound Money, Sound Money Project

What You Should Know About Inflation

– October 30, 2012

Although first published in 1960, the book is every bit as readable and valid today as it was then.

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

Gold Can Save Us From Disaster

– October 24, 2012

A new gold standard is crucial. The disasters that the Federal Reserve and other central banks are inflicting on us with their funny-money policies are enormous and underappreciated.

Central Banking, Free Markets, Monetary Policy, Sound Banking, Sound Money Project

Book Review: John Allison’s The Financial Crisis and the Free Market Cure

– October 23, 2012

Allison is nothing if not an expert on banking and finance, and having witnessed up close the 2008 financial crack-up that rendered so much of his competition insolvent, he’s written an essential book on the causes of a financial crisis that he unapologetically concludes was born by government error.

Monetary Policy, Sound Banking, Sound Money Project

A “Kleinian” Version of Austrian Business Cycle Theory

– October 19, 2012

The next phase in my (now our, as I’ve taken on a colleague) project of thinking through Dan Klein’s Knowledge and Coordination is to see how his ideas might be used to help describe business cycle theories and demonstrate commonalities they share.

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

Money Mistakes

– October 17, 2012

As I noted not long ago, I find myself in serious disagreement with a portion of the end-the-Fed movement. This is the segment of the movement whose complaints are that the Federal Reserve is “privately owned,” that the Fed does not inflate enough, that interest payments are unjust or inherently unpayable all at once, etc.

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

Bad Advice for the Greeks

– October 15, 2012

This summer Roger Bootle won Lord Wolfson’s £250,000 prize for the best advice for a country leaving the European Monetary Union (one may assume that this advice is aimed at Greece).

History, Inflation, Sound Banking, Sound Money, Sound Money Project

Paper Money = Despotism

– October 11, 2012

“Fiat” is money with no intrinsic value beyond whatever an issuing government is able to enforce. When it enjoys a monopoly as currency, fiat inevitably turns the free market functions of money inside out.

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, Monetary Policy, Sound Banking

Interest Rates are Prices

– September 27, 2012

One of the most enduring myths in the United States is that this country has a free market, when in reality, the market is merely the structural shell of formerly free institutions.

Sound Banking, Sound Money, Sound Money Project

Reality Check: Is Rep. Paul Ryan Actually A Big Spender? His “Principle” Problem

– August 16, 2012

Ben Swann of Fox19 in Cincinnati has been doing some great work recently. Here he discusses VP candidate Paul Ryan’s record of voting for spending bills, e.g. TARP, the auto bailouts, Medicare Part D, etc. Although Ryan has said all of the right things …