Topic: Sound Money Project

George Selgin – Central Banks as Sources of Financial Instability

– May 7, 2010

“The present financial crisis has set in bold relief the Jekyll and Hyde nature of contemporary central banks. It has made apparent both our utter dependence on such banks as instruments for assuring the continuous flow of credit in the aftermath of a …

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“The euro: love it or leave it?”

– May 6, 2010

“The world economy is continually changing, but one constant is dissatisfaction with the euro. Toward the beginning of the decade, the main complaint was that the euro was too weak for booming economies like Ireland. Now the complaint is that it is too …

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“The Austrian Theory of the Trade Cycle”

– May 6, 2010

“Nowadays it is usual in economics to talk about the Austrian theory of the trade cycle. This description is extremely flattering for us Austrian economists, and we greatly appreciate the honor thereby given us. Like all other scientific contributions, …

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TFI Conference in Philadelphia

– May 6, 2010

On April 9, 2010, the Atlas Economic Research Foundation held a Teach Freedom Initiative conference at the Sheraton Society Hill Hotel in Philadelphia. The theme of the conference is “The Attack on Sound Money and Entrepreneurship: Threatening Liberty …

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“How a Rich and Proud Nation Went Broke”

– May 5, 2010

“On Loyalty Day, October 17, 1951, Evita declared, “I ask you today, comrades, only one thing — that we will all swear publicly to defend Perón and fight to the death.” She died in 1952 of cervical cancer, and to this day people leave flowers at her fa …

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Let’s Talk Some Monetary Theory and the Trade Cycle

– May 5, 2010

“For the graduate students, my focus is both to communicate the basic idea (and research puzzles) of how to study intertemporal coordination. I have asked them to think about the relationship between Hayek’s 1928 paper on price equilibrium and movement …

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Real Banking Reform? End the Federal Reserve

– May 5, 2010

“The next major question that needs to be asked is: How do they know? These are the same politicians whose time horizon goes no further than the next election day, and who pander to the special interest groups that provide them with the campaign contri …

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Market Interest Rates Need to Tell the Truth

– May 4, 2010

“In the free market, interest rates perform the same functions as all other prices: to provide information to market participants; to serve as an incentive mechanism for buyers and sellers; and to bring market supply and demand into balance. Market pri …

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The Origins of the Federal Reserve

– May 4, 2010

“Where did this thing called the Fed come from? Murray Rothbard has the answer here — in phenomenal detail that will make your head spin. In one extended essay, one that reads like a detective story, he has put together the most comprehensive and fasc …

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“Gambling with Other People’s Money”

– May 3, 2010

“Beginning in the mid-1990s, home prices in many American cities began a decade-long climb that proved to be an irresistible opportunity for investors. Along the way, a lot of people made a great deal of money. But by the end of the first decade of the …

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The Attack on Sound Money

– May 3, 2010

On April 9, 2010, the Atlas Economic Research Foundation held a Teach Freedom Initiative conference at the Sheraton Society Hill Hotel in Philadelphia. The theme of the conference is “The Attack on Sound Money and Entrepreneurship: Threatening Liberty …

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Lawrence H. White – What Type of Inflation Target?

– May 2, 2010

“For much of monetary history, inflation targeting was unnecessary. There was no need to worry about constraining the central bank’s inflationary proclivities because no central bank existed. The quantity of basic money was constrained by the mints’ co …

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