Thursday, 19 October 2017

Monthly Archives January 2013

Monetary Policy and Heightened Price Volatility in Raw Materials Markets

Posted by Gonzalo Schwarz
January 29, 2013
in Blog

By Robert Higgs Despite the Fed’s breathtaking increase of base money since the autumn of 2008, the money stock as measured by conventional concepts such as M2 has not increased greatly, and hence, as ordinary quantity-theory-of-money thinking would lead us to expect, inflation as measured by conventional concepts such as the consumer price index (CPI) […]

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Turkey’s Gold Policy

Posted by Gonzalo Schwarz
January 29, 2013
in Blog

by Adrian Ash AMID the brouhaha over Germany’s gold reserves at the Bundesbank, there’s another central bank using gold actively to bolster its currency and financial stability. The strategy looks the same – sitting on big stockpiles of the stuff. But the aim differs, because gold is much closer to the everyday financial system. The […]

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Antony Fisher: “governments shouldn’t be in the money business.”

Posted by Alex Chafuen
January 23, 2013
in Blog

Antony Fisher, founder of Atlas, the organization that hosts and administers www.soundmoneyproject.org, left us with good guidelines and principles. This from a speech in 1980: “Many studies need to be made. We need a series of studies by different and perhaps young academics elucidating monetary problems. History, logic and modern experience seem to indicate quite […]

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China: Money Matters

Posted by Gonzalo Schwarz
January 22, 2013
in Blog

By Steve H. Hanke Contrary to what the doomsters have been telling us, China’s economy is not on the verge of collapse. As the Wall Street Journal’s man in Beijing (and my former student), Aaron Back, reported: “China’s economic growth accelerated in the fourth quarter of 2012.” Indeed, China’s fourth quarter GDP growth rate came […]

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Money in Bad Faith

Posted by Gonzalo Schwarz
January 21, 2013
in Blog

The depredations of the Fed. by Judy Shelton The Federal Reserve is not your friend. Whether you reside on Wall Street or Main Street, whether you are a borrower or a saver, whether you lean toward the Tea Party or the Occupy Wall Street movement​—​or whether you simply believe in free markets and free people​—​loose […]

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The Fed prints and prints, and no huge consumer price inflation?

Posted by Alex Chafuen
January 16, 2013
in Blog

In this piece, Mark Thornton tries to solve the riddle:  “Where is the Inflation?” by Mark Thornton Critics of the Austrian School of economics have been throwing barbs at Austrians like Robert Murphy because there is very little inflation in the economy. Of course, these critics are speaking about the mainstream concept of the price […]

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Calling the Fed’s Bluff

Posted by Gonzalo Schwarz
January 10, 2013
in Blog

by Devin Roundtree Currently, the Federal Reserve is buying $45 billion in Treasury bonds in addition to $40 billion in mortgage backed securities a month. If you do the math, you end up with $1,020 billion on an annual basis. In order to calm inflation fears, the Fed claims that it can put the brakes […]

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Why Does College Cost So Much?

Posted by Devin Roundtree
January 8, 2013
in Blog

by Devin Roundtree By now, millions of freshmen have become well acquainted with collegiate life, including the part when they start racking up debt. With outstanding student loan debt surpassing the $1 trillion mark this school year, the debate over the cause of rising costs continues to grow. Lavish spending on everything from state of […]

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Even Manufacturing Prefers Sound Money

Posted by Devin Roundtree
January 3, 2013
in Blog

by Devin Roundtree With an annual growth rate of only 1.2%, the Federal Reserve reports that America’s iconic manufacturing industry is on pace for its toughest year since 2009. But the true state of America’s manufacturing industry is far gloomier than what the government reports. Despite claims of real manufacturing output rising over 80% since […]

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2012 Currency Rankings In Terms of Gold

Posted by Devin Roundtree
January 2, 2013
in Blog

by Devin Roundtree Now that 2012 has come and gone, here are the 15 most traded currencies ranked by their performance against the yellow metal. Among the top performers, the New Zealand dollar and Swedish Krona should not come as a big surprise; the central banks of both countries have gained a reputation for relatively […]

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