Saturday, 18 November 2017

Monthly Archives June 2013

Salerno and Selgin on Deflation–and Quantitative Easing

Posted by Gonzalo Schwarz
June 4, 2013
in Blog

By Joseph Salerno In an interview on CNBC’s European Closing Bell show, George Selgin presents an eloquent and compelling defense of deflation that is caused by increasing productivity in the economy. He refers to this as “good deflation.” Indeed, Selgin argues that such deflation is “desirable,” because any attempt by the Fed to offset it […]

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The Federal Reserve vs. Small Business

Posted by Gonzalo Schwarz
June 4, 2013
in Blog

By Steve H. Hanke Given all the attention that the Federal Reserve has garnered for its monetary “stimulus” programs, it’s perplexing to many that the U.S. has been mired in a credit crunch. After all, conventional wisdom tells us that the Fed’s policies, which have lowered interest rates to almost zero, should have stimulated the […]

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