Thursday, 23 March 2017

Monthly Archives January 2010

“The Fed’s Anti-Inflation Exit Strategy Will Fail”

Posted by Tom Duncan
January 28, 2010

“Federal Reserve Chairman Ben Bernanke has explained his exit strategy to prevent future inflation. The Fed recently began to pay interest to banks on the reserves they hold in their vaults. Using this new tool, it claims the ability to get banks to keep the money instead of lending it out, thus containing the money […]

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A History of the Federal Reserve: 1913-1951

Posted by Tom Duncan
January 27, 2010

“A history of the Federal Reserve is a history of the decisions made and the ideas that prompted them. The chapters that follow allow the participants to explain their action and the reasons for them, in their own words. These decisions produced very different results: a steep postwar recession in 1929-21, a period of stability […]

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“Federal Government Continues Its Money Monopoly”

Posted by Tom Duncan
January 26, 2010

“Prices rise soonest, fastest, and highest where the money is being loaned out. During the realestate boom until 2007, much of the lending went to real estate, and land values zoomed up. The Federal Reserve money monopoly does not just inflate the currency, but causes distortions that end up in recessions such as the current […]

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“Freedom and Sound Money”

Posted by Tom Duncan
January 25, 2010

“In all countries of the so-called ‘free world,’ money represents nowadays a government controlled irredeemable paper, or ‘fiat,’ money standard. The widely held view is that this money system would be compatible with the ideal of a free society and conducive to sustainable output and employment growth. To be sure, there are voices calling for […]

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Change Policy, Not Blame

Posted by Tom Duncan
January 22, 2010

The Obama administration thinks it has found the cure all for its economic woes. The solution: regulate, restrict and play God in the economy. (Not exactly a new strategy for government.) In usual fashion, government regulations and Fed policies bring about unintended consequences, and the blame is pushed elsewhere. With the economy still limping, the […]

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