Wednesday, 04 March 2015

Articles & Op-Eds

Dark dollar dealings

February 24, 2015

With the conviction of Ross William Ulbricbht, founder of Silk Road, many proponents of bitcoin and other crypto-currencies fear that the government “might bolster efforts to regulate — and perhaps even ban the emerging cryptocurrency.” In an Op-Ed published by US News and World Report, William J. Luther of the Sound Money Project says that’s not how […]

Read More

“The perils of monetary activism”

January 7, 2015

Investors are seemingly bemused as stock markets continue to underperform in the New Year after “racking up double-digit returns for 2014.” But if the last few years have taught us anything, it’s that positive growth and optimistic forecasting doesn’t necessarily mean that all is well with the economy. As Dr. Judy Shelton points out in her new […]

Read More

“Bank capital punishment and other nostrums”

December 31, 2014

Across the globe, governments and their central banks have embarked on a witch hunt against bankers, imposing new capital requirements, regulations and even launching investigations against them. While policy makers need scapegoats to blame for the financial crisis of 2009, targeting bankers creates a problem as it “constrains the growth of money broadly defined.” This […]

Read More

“The Yellen tug of war”

December 16, 2014

This week, Ralph Benko published a piece in Forbes that outlined what I would consider two fundamental problems with Janet Yellen’s Federal Reserve: its willingness to experiment and its growing politicization. As Benko states in the opening of his piece, economic mobility depends on when and how quickly the Fed decides to tighten or raise […]

Read More

Should ‘Legal But Shady’ Be A New Regulatory Standard?

November 25, 2014

The following is an excerpt from Heritage Foundation Research Fellow Norbert Michel’s recent piece in Forbes: Last Friday I had the pleasure of testifying at a Senate hearing. The topic was “Improving Financial Institution Supervision: Examining and Addressing Regulatory Capture.” “Regulatory capture” refers to a common phenomenon: individuals serving as regulators come to identify with […]

Read More

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 […]

Read More