Wednesday, 26 November 2014

Monthly Archives July 2011

Saving, Hoarding and Fractional Reserve Banking

July 28, 2011

Fractional reserves is an important component of financial stability. Most of the financial regulation is aimed to control this aspect of banking practice such that banks do not become insolvent and a contagious set of bank runs gets into the financial markets. It is as if banks were unable to control themselves and regulation coming […]

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A Golden Moment?

Posted by Intern
July 25, 2011

Article and photo originally published at The Weekly Standard William Kristol July 24, 2011 Judy Shelton makes the case in the new issue of THE WEEKLY STANDARD for the “Gold Standard or Bust.” Sound finances, she points out, require sound money, and sound money, it turns out, seems to require a dollar as good as […]

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Gold Standard or Bust

Posted by Intern
July 25, 2011

Article and photo originally published at The Weekly Standard August 1, 2011 As the truth-or-dare battle over raising the debt ceiling moves toward a resolution of some sort, we are witnessing a unique political moment, with attention finally riveted on our nation’s fiscal future. We are about to learn whether there is such a thing […]

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Germany and the Financial Crisis

July 20, 2011

Lately, a lot has been said about Greece, Spain and Italy in the financial crisis affecting Europe. The fear is that these economies can affect the performance of bigger economies, like Germany, one of the largest economies in the world and the second worldwide exporter. Germany, as well, is in a precarious situation given the […]

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The General Assumptions of Policy, Regulation, and Intervention

Posted by Gonzalo Schwarz
July 19, 2011

An open letter to a Washington Post columnist. Dear Mr. Klein, Regarding your article in the Washington Post today, “The dangers of misinterpreting Keynes,” I feel it is important to clear up some misunderstandings that have done great damage to the world economy, and especially here in the U.S. It is difficult to refute modern […]

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