Wednesday, 23 July 2014

Monthly Archives September 2012

Two Legends in Economics Wrestle Over the Euro’s Future

Posted by Gonzalo Schwarz
September 28, 2012

By Shawn Tully FORTUNE — Robert Mundell and Allan Meltzer rank among the most influential economists of the past half-century. Mundell, a professor at Columbia University, garnered a Nobel Prize in 1999, in part for his work in defining what he calls “optimum currency areas.” No academic has ever enjoyed such success seeing his theories into […]

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Death Knells for the USDollar

Posted by Gonzalo Schwarz
September 28, 2012

by Jim Willie CB The recent decision by the US Federal Reserve to contaminate the financial body until it responds favorably was the last straw in my book. Witness a declaration of permanent QE and hyper monetary inflation of the most virulent strain, unsterilized. The USFed is essentially admitting failure. The signal serves as the loudest death knell for the USDollar among […]

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How Crony Capitalism Corrupts the Free Market | David Stockman

Posted by Gonzalo Schwarz
September 27, 2012

Archived from the live Mises.tv broadcast, this lecture by David Stockman was presented at the Mises Circle in Manhattan: “Central Banking, Deposit Insurance, and Economic Decline.” Includes a welcome and introduction by Llewellyn H. Rockwell, Jr. Music by Kevin MacLeod. Watch more at youtube.com/misesmedia… image: flickr.com/newamerica

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Interest Rates are Prices

Posted by Gonzalo Schwarz
September 27, 2012

by Ron Paul One of the most enduring myths in the United States is that this country has a free market, when in reality, the market is merely the structural shell of formerly free institutions. Government pulls the strings behind the scenes. No better illustration of this can be found than in the Federal Reserve’s manipulation of […]

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Iran: Down, But Not Out

Posted by Gonzalo Schwarz
September 27, 2012

by Steve H. Hanke This article appeared in the October 2012 issue of Globe Asia. Since Mahmoud Ahmadinejad first became President of Iran, in August 2005, the country’s economy has gone from bad to worse. Iran now ranks near the bottom — 144 out of 183 countries — in the World Bank’s Doing Business 2012, an […]

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‘Has the Fed Been a Failure?’

Posted by Gonzalo Schwarz
September 25, 2012

by Gerald P. O’Driscoll That is the provocative title of the lead paper in the prestigious economics publication, the Journal of Macroeconomics. It is authored by George Selgin, William D. Lastrapes, and Lawrence H. White. (Selgin and White are professors, Cato scholars, and many-time participants in the annual Cato monetary conference). The journal’s editor considered […]

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Sound Money: Turkey’s Cure for Oil Dependence

September 25, 2012

By Devin Roundtree With so much havoc among European nations, Turkey has attracted headlines recently as Europe’s fastest growing economy and the remaining shining star of investment grade on the continent. Though, as CNBC reported, rising oil prices threaten the country’s economic outlook. When it comes to oil dependence, Turkey upstages even the U.S. by […]

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QE3: Sowing the Wind

Posted by Gonzalo Schwarz
September 25, 2012

by Frank Shostak The US central bank announced on Thursday, September 13, 2012, that it will expand its holdings of long-term securities with open-ended purchases of $40 billion of mortgage debt a month as it seeks to boost economic growth and reduce unemployment. In his press conference, following the conclusion of a two-day meeting of the […]

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