Saturday, 25 March 2017

Monthly Archives March 2011

Inflation, Unemployment, and Monetary Policy – Solow and Taylor

Posted by Tom Duncan
March 30, 2011

“We have learned much about the unemployment-inflation trade-off and about monetary policy during the last 25 years. Both economic research – especially the research surrounding the rational expectations revolution of the 1970s – and historical experiences – in particular, the inflation and disinflation of the 1970s and 1980s – have contributed to this improved understanding. […]

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The Shell Game, Part I

Posted by Gonzalo Schwarz
March 29, 2011

PART I: Imagine an island where the local currency is a type of beautiful shell. Everyone on the island has some, either collected over time or traded for through an exchange of goods or services for shells. The shells can either be worn for adornment or held to trade at a later date. The shells […]

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“Does the U.S. Economy Need Inflation?” – William Anderson

Posted by Tom Duncan
March 29, 2011

“One would hope that the supposed “great minds” at the Fed and in academic economics would better understand inflation and its destructiveness, but that is not to be. First and most important, the lack of inflation is not the enemy of the economy. The economy does not remain in recession because government is not debasing […]

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“The Rise and Fall and Rise Again of Supply-Side Economics” – Forbes

Posted by Tom Duncan
March 29, 2011

“A long time ago, in a galaxy far, far away, the American dream was going to hell in a handbasket. I speak, of course, of 1980, a time that seems as remote to the elite imagination as those of the days of America’s founding. The news then was dominated by “the misery index” measuring high […]

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The Only Financial Regulation You’ll Ever Need

Posted by Tyler Watts
March 28, 2011

Financial industry regulation has been a hot topic in the wake of the Panic of 2008 and ensuing recession. Many pundits blamed the crisis on a vaguely-defined concept of “deregulation.” Over the years, they argue, governmental oversight of financial institutions was reduced, allowing banks—especially large ones—to build up too much risk. This allows bankers’ greed […]

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“Crises Nudge Debt Loads to Brink” – WSJ

Posted by Tom Duncan
March 28, 2011

“The financial strains created by crises in Japan and Europe highlight a growing problem: The rich world is getting close to the point where it won’t be able to bear the costs of another disaster. Japan and Europe face very different crises—one brought on by nature, the other man-made. But from a financial perspective, they’re […]

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