Monday, 27 March 2017

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Addition by Subtraction

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April 3, 2012

It is getting harder and harder justify not getting rid of the Fed. by Julie Borowski This week marks the conclusion of Federal Reserve Chairman Ben Bernanke’s four-part lecture series on how the central bank “saved the economy” to undergraduate students at the George Washington University School of Business. At this point, you almost have […]

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The Fed, War, and Recession

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April 2, 2012

by Nathan Lewis This week we will look at a funny and little-known episode in the history of the U.S. dollar and Federal Reserve, notably the wartime years of WWI and the Recession of 1920 that immediately followed. The Federal Reserve was, of course, signed into law in 1913, just in time for WWI. There […]

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Problems Facing Every Monetary System

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March 30, 2012

by Kurt Schuler Readers of George Selgin’s post just below should be aware that there is a an extensive comment section about it, including a few of his own remarks, over at Marginal Revolution. Now, on to what I promised to discuss in my last post, some time ago. Every monetary system faces a number of major […]

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Bernanke Lecture IV Decrypted: Inflation = 20, Stability = 17, Progress = 1

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March 30, 2012

…Sound Money = 0 Submitted by Tyler Durden The lecture series is complete and Ben can creep back behind the green curtain once again. Today’s lecture focused on the aftermath of the crisis and a quick summary of just where Bernanke believes the recovery lies – Fed 95: Government 11. Unfortunately the word ‘Progress’ only appears once. […]

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Anti-Bernanke

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March 23, 2012

by George Selgin Despite the bright light streaming into my office window, reminding me of the beautiful spring weather here in Athens, I managed to spend most of yesterday afternoon listening to the first installment of Ben Bernanke’s 4-part lecture series on “The Federal Reserve and the Financial Crisis.” The lecture took place on Tuesday evening at […]

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Ron Paul and the Martian Atmosphere Machine

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March 22, 2012

“Bernanke, give these people air!” by John DeFeo Ron Paul has staked his presidential hopes on a few key issues, among the most prominent being monetary policy. The feisty Texas congressman has had his share of ideological head-butting with Federal ReserveChairman Ben Bernanke, but if these encounters have generated a few amusing sound bites, they have failed […]

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