Saturday, 25 October 2014

Monthly Archives January 2010

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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“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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