Thursday, 21 August 2014
  • Recent

    Ukraine X Russia

    The IMF and a currency board for Ukraine

    August 19, 2014
    The Ukraine situation remains dire and it is important for the IMF to consider how best to help Ukraine avoid currency collapse. According to the Sound Money Project’s Dr. Judy Shelton, “the IMF should move quickly to consider the option of a currency board for Ukraine. It would not only resolve the dilemma of policy […]
    Friedrich_Von_Hayek

    Hayek on sensible monetary policy

    August 15, 2014
    Hayek on Sensible Monetary Policy This year marks the seventieth anniversary of the publication of “Road to Serfdom”by Frederick Hayek, as well as the fortieth anniversary of the award of the Nobel Prize in Economics to Hayek. Hayek’s enduring contributions to our understanding of the “Uses of Knowledge in Society”and characterization of markets as “mutualization […]

    New Book on Sound Money by Steve Forbes and Elizabeth Ames

    August 14, 2014
    In a recent piece in Forbes.com, contributor Mark Hendrickson writes “one of my favorite passages in “MONEY” was when the authors drew an ironic contrast between the fate of John Law, who had to flee France in disgrace after his ruinous paper money scheme blew up two centuries ago, and our present tendency to lionize […]
    A Line Of Sculptures At The Fdr Memorial In Washington

    1920 Depression v. Great Depression

    August 11, 2014
    There is a reason why you’ve never heard of the depression that began in 1920. While the stats vary, the first year of the 1920 Depression was worse than the start of the Great Depression in many ways, and was arguably the most deflationary year on record. However, during the 1920 recession, the government did […]
    gold bars on dollar bills, symbolic photo for gold reserves, exchange rates, investment, security

    Steve Horwitz to the defense of the Gold Standard

    July 23, 2014
    Last week, Matt Yglesias outlined seven reasons to think that the Gold Standard is not a viable option, but rather a terrible idea. In an article published by www.FreeBanking.org, Steve Horwitz refutes Yglesias point by point, addressing the following claims: 1) A gold standard wouldn’t stabilize inflation 2) A gold standard wouldn’t stabilize exchange rates […]
    Bitcoin

    Realizing Bitcoin’s potential

    July 22, 2014
    Governments around the world are grappling with what to do with Bitcoin — the cryptocurrency that has attracted enthusiasts worldwide, endured the bankruptcy of one major exchange (Tokyo-based Mt. Gox), and puzzled fans and detractors alike with regard to its legal status. The Montreal Economic Institute recently published a study that discusses Bitcoin’s potential. In […]
    Economy Doodles

    “The Fed Can’t Fix What Ails the Economy”

    July 21, 2014
    Earlier this week, Janet Yellen, Chair of the Federal Reserve, pointed to several points that she felt warranted continued action by the Fed. In an article published today in Real Clear Markets, however, Gerald O’Driscoll notes that monetary policy is not the answer to many of the economy’s biggest problems, perhaps most notably the ever […]
    Bitcoin network blue background

    Bitcoin: A New Medium of Exchange or a New Investment Vehicle?

    July 21, 2014
    By Tien Nguyen Bitcoin has been a significant innovation of electric money for the past five years and with a fascinating and breakthrough characteristic, it is undoubtedly true that Bitcoin is marking a whole new turning point in money’s features, particularly in money transaction. Bitcoin is the first decentralized digital currency and compared to other […]