Wednesday, 26 November 2014

Blog

Unconventional monetary policy: not all assets are created equal

November 26, 2014

In a recent post, I considered whether the Fed’s massive expansion of the monetary base is unconventional. It is certainly unprecedented. Nonetheless, I concluded that it was business as usual: the Fed expanded the base as it always has, by purchasing assets. Today, I will explore one of the ways in which recent Fed policy […]

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Central banking and central planning

Posted by Thomas L. Hogan
November 24, 2014

Last week in the Wall Street Journal, Paul Kupiec argued that the Fed’s new emphasis on “macroprudential” management is basically central planning and is likely to decrease financial stability and slow economic growth. A similar argument was made a few years back by Jeffrey Hummel (here) and debated by David Glasner (here) and Kurt Schuler […]

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Sound Money Project Breakfast in New York City

November 21, 2014

During a special session following the 2014 Liberty Forum & Freedom Dinner, Dr. Judy Shelton and Seth Lipsky, founder and editor of the New York Sun, presented a session on Sound Money. Below are Dr. Shelton’s full comments. She is an Atlas Network senior fellow and the co-director of Atlas Network’s Sound Money Project. The […]

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Unconventional monetary policy? Or, asset purchasing (only more so)

November 20, 2014

You’ve probably heard it said that the Federal Reserve resorted to unconventional monetary policy to deal with the so-called Great Recession. Usually, discussions of the Fed’s unconventional monetary policy center on whether it has been effective. I’d like to consider a different angle: Was the Fed’s monetary policy unconventional? To assess whether the Fed is […]

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Government money…

Posted by Jerry Jordan
November 19, 2014

… is not Sound Money “I am convinced we shall never have good money again so long as we leave it in the hands of government. Government has always destroyed the monetary systems.” *  Sound money is private money—government-issued monopoly currency has never been a stable standard of value. For centuries rulers have decreed what […]

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A global currency for a global economy: a real SDR currency board

November 18, 2014

By Dr. Warren Coats   Introduction Since the collapse of the gold standard and the Bretton Woods system in the early 1970s, the resulting international monetary system (IMS) has supported a dramatic growth in world trade and finance remarkably well. Yet the system of market determined or managed exchange rates, which suited well a world […]

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