Sunday, 21 December 2014

Monthly Archives March 2012

Digging Up and Digging Down Gold

March 30, 2012

The Gold Standard is the worst standard, except for all the others. In a recent post at Nada es Gratis (Nothing is Free), Jesús Fernández-Villaverde discusses a visit to the vault where gold is stored at the New York Fed. The post and subsequent comments evolve into some criticisms of the gold standard. I won’t […]

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Class Dismissed

March 30, 2012

We hear all about the fading middle class, but the fading UPPER class? It seems like the only class doing well is the Political class. by Devin Roundtree It is true that the poor have gotten poorer, but so have the rich. Despite what government statistics say, incomes across the board are not at historic […]

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Problems Facing Every Monetary System

Posted by admin
March 30, 2012

by Kurt Schuler Readers of George Selgin’s post just below should be aware that there is a an extensive comment section about it, including a few of his own remarks, over at Marginal Revolution. Now, on to what I promised to discuss in my last post, some time ago. Every monetary system faces a number of major […]

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Bernanke Lecture IV Decrypted: Inflation = 20, Stability = 17, Progress = 1

Posted by admin
March 30, 2012

…Sound Money = 0 Submitted by Tyler Durden The lecture series is complete and Ben can creep back behind the green curtain once again. Today’s lecture focused on the aftermath of the crisis and a quick summary of just where Bernanke believes the recovery lies – Fed 95: Government 11. Unfortunately the word ‘Progress’ only appears once. […]

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Sound Money Interview Series: Dr. Thomas Rustici

Posted by Gonzalo Schwarz
March 28, 2012

What’s the point of saving the banks if you’ve got to destroy money to do it? We sat down with Dr. Thomas Rustici from George Mason University and discussed his speech “Thinking the Unthinkable” about the coming demographic and fiscal crisis and the possibility of hyperinflation in America, and his plan to begin moving the […]

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Unexpected Expectations

March 27, 2012

Expectations are a key concept in economics. If expectations are coordinated, then the economy is equilibrated and no accumulation of imbalances take place. Rational expectations, more particularly, sustain that even though errors are possible, they shouldn’t be systematic. Namely, a given agent does nos systematically repeat his mistake, and all agents cannot be fooled on […]

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