Sunday, 30 April 2017

Monthly Archives September 2014

Lenders of last resort

September 29, 2014

Scotland’s vote for independence resulted in a negative. There won’t be, then, further discussions about what Scotland should do with its monetary institutions. Still, there is one more issue that I would like to discuss, because it transcends the particular case of Scotland, had independence been the result of the vote. There is a widespread […]

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Regime uncertainty weighs on growth

September 23, 2014

This is a guest post from Steve H. Hanke, a Professor of Applied Economics at the Johns Hopkins University in Baltimore, MD and a Senior Fellow and Director of the Troubled Currencies Project at the Cato Institute in Washington, D.C. You can follow him on Twitter: @Steve_Hanke Shortly after the current Great Recession started, I […]

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Bitcoin exposed by Professor Steve Hanke

September 19, 2014

As Professor Steve H. Hanke, Professor of Applied Economics at The Johns Hopkins University in Baltimore, notes, Bitcoin “remains a mystery to many.” Luckily for those interested in learning more about the iconic crypto-currency, Hanke has constructed a series of charts that uses data to outline topics such as Bitcoin in circulation, USD exchange trade […]

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Standards of value

Posted by Jerry Jordan
September 19, 2014

Probably no pollster has conducted a survey to find out from the public how frequently they think the purchasing power of the currency should be cut in half. Probably no survey is necessary because we already know the public’s reaction: ‘that is a really silly question.’ Imagine asking the average person on the street, “Do […]

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Currency union concerns in Scotland

September 15, 2014
in Blog

I was pleased (though not surprised!) to see co-blogger Nicolas Cachanosky dismiss “concerns” arising “because the British government says that it won’t come to an agreement with Scotland about the use of the GBP in the new independent territory.” Unfortunately, many fail to dismiss such claims. Take this Feb. 22nd article from The Economist, for […]

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Sterlingization in Scotland

September 11, 2014
in Blog

Admittedly, I haven’t been closely following the vote for Scotland’s independence from Great Britain. Neither am I closely following the debates of what Scotland, should it vote for independence, do with its monetary institutions. Ryan Murphy pointed me in the direction of this piece by Sam Bowman from the Adam Smith institute where he proposes […]

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