“My thesis will be that monetarists, while their criticism ofthe Fed’sthesis will be that monetarists, while their criticism ofthe Fed’s expansionist history has been most welcome and has been instrumental in the struggle against inflation, do not go f …
READ MOREUniversity of Maryland economist Carmen Reinhart recently published a book with co-researcher Kennet Rogoff presenting several hundred years of data on financial crises. The title This Time Is Different alludes to the mentality that often develops duri …
READ MORE“A Senate vote Tuesday left no doubt: Congress wants to know more about what the Federal Reserve was up to when its asset portfolio grew by more than $1 trillion during the financial crisis. What companies did the Fed help, and on what terms? The Senat …
READ MORELast night I read several articles by Hernando de Soto and a few interviews on the financial crisis. He focused on the shadowy nature of derivatives. The success of the free enterprise system is based on clear property titles and respecting freedom to …
READ MORE“At a defining moment for the European Union, its largest country, Germany, appeared divided and its leader absent, raising significant concerns about what kind of leadership Chancellor Angela Merkel can offer as the region tries to stabilize financial …
READ MOREDr. Roger Garrison, Professor of Economics at Auburn University, has constructed a variety of useful slideshow presentations to aid students in understanding the workings of the market system. For those unfamiliar with the Austrian Business Cycle Theor …
READ MORE“Now, fear is back in play,” said William H. Gross, managing director of Pimco, as the European crisis is sending shock waves into financial markets around the world. There is fear that the sovereign debt crisis could freeze up the euro-zone interbank …
READ MORESome interesting news items this week on the European crisis: A “wild week” (Financial Times) “Fears of eurozone sovereign risk contagion to banks, tighter monetary policy in China and surprise intraday selling by electronic trading systems united to d …
READ MORE“Those who wish to preserve freedom should recognize, however, that inflation is probably the most important single factor in that vicious circle wherein one kind of government action makes more and more government control necessary. For this reason, a …
READ MOREWorld-wide stock markets plunged yesterday as the ongoing sovereign debt crisis in Europe is worsening. The Dow fell 1000 points–its worst ever intraday drop–before rebounding, but still ended down more than 3 percent (as did the S&P 500 and Nasd …
READ MOREOn Wednesday, I posted a link to a Freedom Daily article by Jim Powell. It was a very interesting article. I highly recommend it for those who are not aware of the history of Argentina and its fall from prosperity. I also highly recommend it to those w …
READ MORE“Legislation restoring dollar-gold convertibility should be accompanied by passage of a constitutional amendment guaranteeing the American people a right to conduct their economic affairs in gold, regardless of the future status of gold as the official …
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