Sunday, 30 April 2017

Monthly Archives April 2011

“Monetary Reform: The Key to Spending Restraint” – WSJ

Posted by Tom Duncan
April 26, 2011

“No man in America is a match for House Budget Committee Chairman Paul Ryan on the federal budget. No congressman in my lifetime has been more determined to cut government spending. No one is better informed for the task he has set himself. Nor has anyone developed a more comprehensive plan to reduce, and ultimately […]

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“Markets Get Ready to Navigate Fed’s Departure” – WSJ

Posted by Tom Duncan
April 25, 2011

“Senior Fed officials believe they will be able to push up the fed-funds rate, the traditional benchmark for short-term interest rates, but not by the usual means of simply selling relatively small amounts of Treasury securities to soak up bank reserves. Instead, they are looking at a new tool, raising the interest rate that the […]

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Deficit Spending on the Backs of the Poor

Posted by Tyler Watts
April 25, 2011

Rejecting any serious cuts to government spending, President Obama stated recently, “Nothing is easier than solving a problem on the backs of people who are poor, for people who are powerless and don’t have lobbyists or don’t have clout.” Exactly. In the context of Obama’s much-discussed budget speech of a few days ago, one would […]

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Are Bank Runs a Problem for laissez-faire Banking?

April 21, 2011

The problem of bank runs is probably the most serious concern in monetary economics. It is clear that if all clients claim back their depositors together the bank will fail. This situation, it is argued, puts the banks in an unstable position where their clients may try to run each other to get their deposits […]

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“Why a Lack of Transparency in the Administration’s Budget II Is a Problem” – Taylor

Posted by Tom Duncan
April 21, 2011

“A transparent budget proposal—such as the Administration’s first 2012 Budget presented by President Obama on February 14 or the House Budget presented by Paul Ryan on April 6—contains year-by-year tables showing the proposed path for government outlays over time. These are needed to estimate the economic impact of a budget and assess its credibility.” Read […]

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“A Good Exit Strategy Proposed by Philadelphia Fed President Plosser” – WSP

Posted by Tom Duncan
April 21, 2011

“Previous statements about exits by Fed officials simply listed the tools that could be used in an exit strategy, but did not actually put forth an exit strategy. In contrast, President Plosser describes a specific strategy. Two things are very attractive about strategy. First, it aims is to return monetary policy to one in which […]

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