Friday, 31 October 2014

Monthly Archives March 2013

Hyperinflation? No. Inflation? Yes.

Posted by Gonzalo Schwarz
March 28, 2013

BY STEVE HANKE While inflation seems to be on everyone’s mind these days, misconceptions abound. Indeed, few concepts in economics are as misunderstood as inflation. This month I take a look at some common questions about inflation, and a few that I wish more people were asking. Is hyperinflation coming to the U.S.? No. Hyperinflation arises […]

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Of Krugman & Minsky

Posted by Gonzalo Schwarz
March 5, 2013

From Azizonomics… Paul Krugman just did something mind-bending. In a recent column, he cited Minsky ostensibly to defend Alan Greenspan’s loose monetary policies: Business Insider reports on a Bloomberg TV interview with hedge fund legend Stan Druckenmiller that helped crystallize in my mind what, exactly, I find so appalling about people who say that we must tighten monetary policy […]

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The Fed’s Tightening Pipe Dream

Posted by Gonzalo Schwarz
March 5, 2013

  Does the Chairman really believe that the Fed will be able to just sit back and watch the money supply unwind itself? by Peter Schiff Testifying before the US Senate this past Tuesday, Fed Chairman Ben Bernanke made an extraordinary claim about its bloated balance sheet: “We could exit without ever selling by letting […]

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The Myth of Fed Independence

Posted by Gonzalo Schwarz
March 4, 2013

by Murray N. Rothbard [Excerpted from The Case Against The Fed.] By far the most secret and least accountable operation of the federal government is not, as one might expect, the CIA, DIA, or some other super-secret intelligence agency. The CIA and other intelligence operations are under control of the Congress. They are accountable: a Congressional committee […]

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Debunking the Myths About Central Banks

Posted by Gonzalo Schwarz
March 1, 2013

By GERALD P. O’DRISCOLL JR. Myths govern modern central banking. Like many myths, they contain an element of truth that has been distorted by exaggeration and misapplication. This year marks the 100th anniversary of the U.S. Federal Reserve System—an appropriate time for some long-overdue myth-busting. The first myth is that central banks are intrinsically necessary […]

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