Wednesday, 18 October 2017

Monthly Archives July 2011

Saving, Hoarding and Fractional Reserve Banking

July 28, 2011
in Blog

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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The Perfect Protection of Prodding and Printing, Part III

Posted by Gonzalo Schwarz
July 26, 2011
in Blog

PART III: The study of a social science like economics is different from that of a physical science like chemistry or physics.  When the chemist combines his elements incorrectly he may get a bang or a fizzle; either way, he can be definitively sure that his attempt has been a failure.  If he tries to […]

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A Golden Moment?

Posted by Intern
July 25, 2011
in Blog

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
in Blog

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
in Blog

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
in Blog

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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Return of the Gold Standard as World Order Unravels

Posted by Intern
July 18, 2011
in Blog

Article and photo originally found at The Telegraph, July 18, 2011, Ambrose Evans-Pritchard As the twin pillars of international monetary system threaten to come tumbling down in unison, gold has reclaimed its ancient status as the anchor of stability. The spot price surged to an all-time high of $1,594 an ounce in London, lifting silver […]

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Budget Reform in Italy

July 14, 2011
in Blog

Italy’s senate approved today a plan to cut government spending for the period 2011-2014. Italy’s public debt is more than 100% of GDP and the fiscal deficit was between 3% to 5.9% of GDP for last year. Similar situation is shared by other European countries like Greece, Spain, Germany, Portugal, Ireland and France. Europe, in […]

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Guía para el Buen Dinero

Posted by Intern
July 13, 2011
in Blog

The Atlas Economic Research Foundation is proud to introduce the Spanish translation of A Guide to Sound Money, Guía para el Buen Dinero. Atlas would like to thank Luis Loria, an Atlas Think Tank MBA alumnus and President of the Asociación Nacional de Fomento Económico-ANFE (National Association for Economic Development), for his contributions to the […]

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Sovereign Debt Pressure

July 6, 2011
in Blog

The European countries seem to be facing a road with no easy exit. One on side they are facing fiscal deficits. On other side they are already dealing with an important debt amount that can hardly be sustained, as the case of Greece is showing these days. On even another front, governments are facing strong […]

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Lagarde’s Golden Opportunity

Posted by Intern
July 6, 2011
in Blog

Article and photo originally found at The Wall Street Journal: Opinion Europe Author: Dr. Judy Shelton It can be hard to remember these days, but the International Monetary fund started out as an undeniable force for good. Even as World War II was raging in July 1944, delegates from dozens of nations convened at the […]

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The Perfect Protection of Prodding and Printing, Part I

Posted by Gonzalo Schwarz
July 5, 2011
in Blog

Ordinarily, “newcomers entering the field cannot compete immediately wit the established, reputable companies, and have to spend years working… to earn an equal reputation[i].” People have an incentive not to poison their neighbors – they have to see them everyday! And businessmen have an incentive not to injure their customers – they would like to see them every day!

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Founding Fathers were no Fans of Paper Money

Posted by Intern
July 1, 2011
in Blog

Originally posted at: National Review Online by Deroy Murdok July 1, 2011 Photo Courtesy of Human Events, July 1, 2011 “NEW YORK–If a time machine whisked Americas Founding Fathers from Philadelphia on July 4, 1776 to Washington, D.C.’s Bureau of Engraving and Printing on Independence Day, 2011, what might they think? Watching high-speed presses spew giant […]

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