Tuesday, 27 June 2017

Monthly Archives May 2013

Bernanke Talks, Markets Wobble. There Must Be a Better Way

Posted by Gonzalo Schwarz
May 28, 2013

Rep. Kevin Brady’s Centennial Monetary Commission initiative might point toward a useful policy overhaul. By JUDY SHELTON Since Federal Reserve Chairman Ben Bernanke testified before Congress’s Joint Economic Committee Wednesday morning, commenting on the economic outlook and responding to questions from lawmakers on the likely path of monetary policy, financial markets have experienced turmoil. Triple-digit gains […]

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Hot Money, Cold Credit

Posted by Gonzalo Schwarz
May 23, 2013

By  Steve H. Hanke This article appeared in the June 2013 issue of Globe Asia.   Money matters — it’s a maxim of Prof. Milton Friedman that I repeat often in my columns. Since the Northern Rock bank run of 2007 — the “opening shot” of the financial crisis — the money supply, broadly measured, in […]

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The Devolution of the Dollar

Posted by Gonzalo Schwarz
May 22, 2013

From the Cato Policy Report: For more than 100 years, from roughly 1800 to 1912, the purchasing power value of the dollar under the gold-and-silver standard was essentially constant. With the creation of the Federal Reserve and its discretionary policies of the last century, however, the dollar’s value has declined by more than 95 percent. […]

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Printing money is not so bad . . . or, the Printing comes before the fall.

Posted by Alex Chafuen
May 9, 2013

by Alex Chafuen Before jumps in inflation I used to see articles like this in Argentina.  This piece by Steve Conover appearing in the AEI magazine argues that the “[l]ack of sufficient economic growth is behind most if not all of our fiscal and monetary problems,”  and so printing money is not so bad. The […]

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