Monday, 20 October 2014

Monthly Archives January 2013

Monetary Policy and Heightened Price Volatility in Raw Materials Markets

Posted by Gonzalo Schwarz
January 29, 2013

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

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

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

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

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 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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