Monday, 01 September 2014

Blog

Europe’s depressing dog days of summer

August 27, 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 As we entered the dog days of summer, […]

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Hayek on sensible monetary policy

Posted by Jerry Jordan
August 15, 2014
in Blog

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 […]

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1920 Depression v. Great Depression

Posted by Devin Roundtree
August 11, 2014
in Blog

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 […]

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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 […]

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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 […]

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Worst Economic Predictions

Posted by Devin Roundtree
July 15, 2014

America’s monetary and fiscal policies rest upon the ideas of some of the most prolific economists since the turn of the 20thcentury. Ironically, these economists put their theories to test in making bold predictions, only to be proven dead wrong. #4 Paul Samuelson, 1943 Forecast: Post WWII Great Depression Thanks to Samuelson’s #1 selling economic […]

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