Saturday, 29 April 2017

Monthly Archives May 2012

Pre-Fed Panics: Their Causes, Cont’d

Posted by Gonzalo Schwarz
May 31, 2012

Earlier we posted a reply, by Dr. Bob Murphy, to an NYT blog post by Dr. Paul Krugman, wherein Murphy criticized Krugman’s interpretation of certain statistics and used work by Dr. Steven Horwitz to buttress his argument. Here Dr. Joseph Salerno takes issue with Dr. Horwitz’ conclusions, and adds his thoughts to the matter. By Joseph […]

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Europeans Ambivalent About the Euro

Posted by Gonzalo Schwarz
May 30, 2012

From the Associated Press: LONDON — The debt crisis that has ravaged Europe for the best part of three years has exposed a dislike of the single currency but little desire to abandon it, a wide-ranging survey of public opinion found Tuesday. Pew Research Center’s survey across eight European Union countries, including five members of the 17-country eurozone, indicated […]

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The Impending Bernanke Bust

Posted by Gonzalo Schwarz
May 29, 2012

by Michael Pollaro To Austrians, all economic “booms” founded on monetary largesse always end in economic busts, roughly equal in size and intensity to the preceding booms. By distorting interest-rate and price signals and, as a consequence, creating malinvestments that must eventually be liquidated, monetary booms necessitateeconomic busts. This is true regardless of whatever short-term benefits the economy or financial markets […]

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Seeing is NOT Believing at Today’s Fed

Posted by Gonzalo Schwarz
May 29, 2012

By GEORGE MELLOAN Federal Reserve Chairman Ben Bernanke’s new policy of openness has much to recommend it, in that it gives the markets information about current and future monetary policy that removes some of the guesswork of years past. But now that traders and investors have better insights into the thinking of Fed policy makers, they […]

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Dear UnSound Money, It’s not me, it’s you…

Posted by Gonzalo Schwarz
May 25, 2012

Here at Sound Money we may sometimes leave the impression that we are demanding a Gold Standard. This is not true. We are demanding that people be free to choose their money, like they are free to choose their other market relationships (We know, there are very few free market relationships left, but you get […]

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