Sunday, 20 August 2017

Monthly Archives August 2013

To Make Sense of the Coins Act, Follow the Money

Posted by Gonzalo Schwarz
August 26, 2013

by Steve Hanke Proposed legislation to abolish the dollar bill and replace it with a dollar coin is government at its worst. The American people might be surprised to learn that for the past 20 years a handful of lobbyists and lawmakers—mostly from states with mining and metal-processing interests—have been pushing a proposal to take […]

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Hayek contributions give a forward push to Bitcoin

Posted by Alex Chafuen
August 21, 2013

In an article published by CNBC, Frank Schaeffler, a member of the German parliament’s Finance Committee, is quoted as saying: “We should have competition in the production of money. I have long been a proponent of Friedrich August von Hayek scheme to denationalize money. Bitcoins are a first step in this direction.” It takes time for ideas […]

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Why price inflation remains low?

Posted by Alex Chafuen
August 15, 2013

Dr. Allan Meltzer, brilliant economist and professor and founder of several think tanks and centers, answers the question: “Why inflation remains low?”  in “When Inflation Doves Cry”   He argues “The Fed has printed new bank reserves with reckless abandon. But almost all of the reserves sit idle on commercial banks’ balance sheets. For the […]

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