The Sound Money Project has secured a panel at the 2010 Association of Private Enterprise Education Conference in Las Vegas. Among the authors on this panel are Dr. Edward Stringham, Dr. Gerald O’Driscoll, Jr., and Atlas’s own Marius Gustavson, Leonard …
READ MORE“The 1970s was a decade of stagflation — the concurrence of a rising inflation rate and stagnant economic growth. The U.S. economy has not now reached the double-digit inflation rate (almost 15% by 1981), or the 9% unemployment rate, experienced back t …
READ MORE“By Shih’s count, China’s debt may reach 39.838 trillion yuan ($5.8 trillion) next year. His forecast for debt-to-GDP compares with an International Monetary Fund estimate for China of 22 percent this year, which excludes local-government liabilities. …
READ MOREEconomists Peter Boone and Simon Johnson think the economic system could be stuck in a “doomsday cycle”: “Over the last three decades, the US financial system has tripled in size, as measured by total credit relative to GDP. Each time the system runs i …
READ MORE“I’ve been doing a little reading this morning about the Greek crisis and related problems in Europe. One take, and it makes sense to me, is that many European countries have such low fertility rates that even with some degree of immigration, they simp …
READ MOREWednesday’s Washington Post featured a column by Steven Pearlstein that sums up the ongoing debate over the regulation of the financial industry, or at least it attempts to do so. As we all know, the collapse of the financial industry played a major ro …
READ MORE“The two large housing government-sponsored enterprises, Fannie Mae and Freddie Mac, have been in government receivership since September 2008. The U.S. Treasury has given the housing GSEs $112 billion in cash infusions, and this past Christmas Eve it …
READ MORE“Fitch Ratings, citing concerns about Greek banks’ funding costs and profitability, downgraded the country’s four major banks to triple-B, or two notches above “junk” status. Fitch characterized its outlook for Greek banks as ‘negative’… The cost of …
READ MORE“Critics charge Greenspan with having carried on an excessively expansionary monetary policy, particularly following the recession of 2001. They note how low interest rates were from 2002 through 2004 and argue that those low rates paved the way for ev …
READ MOREThe Atlas Sound Money Project is proud to announce the winners of its 2010 Atlas Sound Money Essay Contest. We are grateful for the carefully crafted, well-reasoned essays that we received from undergraduate and graduate students and young scholars fro …
READ MORE“There are plenty of experts who argue that the Fed should move sooner rather than later to raise the federal funds rate, its key lending rate that is used as a benchmark for the interest paid on credit cards, home equity loans and many business loans. …
READ MOREThe Fed made what it claims is a minimal change in strategy today, as it raised the emergency loan rate today from 0.5%. According to the Wall Street Journal, “The Fed said the move wasn’t meant to affect monetary policy…” Yet in a realm as dependent u …
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