Thursday, 23 October 2014

Monthly Archives July 2010

Inflation: Watering Down the Punch

Posted by Tom Duncan
July 30, 2010

“With the recent financial crisis macroeconomic issues are receiving more and more attention. Inflation is one of those issues. Many claim inflation to be the cause of the crisis; which has even given the Austrian business cycle theory attention from the media. The theory states that an increase in the money supply causes a false […]

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A Conversation with Milton Friedman – Liberty Fund

Posted by Tom Duncan
July 30, 2010

“Milton Friedman discusses his economic ideas with Gary S. Becker. Recipient of the 1976 Nobel Memorial Prize in Economics, Milton Friedman has long been recognized as one of our most important economic thinkers, and a leader of the Chicago school of monetary economics. A senior research fellow at the Hoover Institution since 1977, he is […]

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“Should the Fed Pump Even More”

Posted by Tom Duncan
July 29, 2010

“The only way fiscal and monetary stimulus could “work” is if the flow of real savings (i.e., real funding) is large enough to support (i.e., fund) government activities and activities that sprang up on the back of loose-monetary policy while still permitting a positive rate of growth in the activities of real-wealth generators. (Note that […]

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“Alan Blinder and Mark Zandi’s Keynesian Black Box”

Posted by Tom Duncan
July 28, 2010

“In a recent Wall Street Journal column, Princeton economist Alan Blinder wonders why 64 percent of Americans do not believe the $849 billion “fiscal stimulus” bill “saved or created” many jobs. “The main reason,” he explains, “appears to be that the White House’s January 2009 forecast was too optimistic — projecting, for example, an unemployment […]

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