This piece originally appeared in The New York Sun It’s hard to think of an opportunity quite like that shaping up for President Trump in respect of the Federal Reserve. The announcement Friday by Daniel Tarullo of his intent to resign from the central bank’s board means that Mr. Trump will have three immediate openings […]Read More
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Atlas has partnered with a number of scholars in the area of Sound Money.
This is the second of several posts on Ken Rogoff’s The Curse of Cash. In this post, I consider Rogoff’s estimate for the extent to which cash is used by criminals and tax cheats. If you have not yet read the book, I offer a brief summary in a previous post and I will consider […]Read More
This piece originally appeared in Learn Liberty By Nicolás Cachanosky When you pay interest, what are you paying for? Interest rates are one of the most confused subjects in economics. What are they, really? And what is their role in economic crises like the housing bubble and crash of the 2000s? The first thing to […]Read More
As I mentioned in an earlier post, I have been reading Ken Rogoff’s new book, The Curse of Cash. Rogoff is a very smart guy who has been thinking about this proposal for roughly two decades. It deserves serious consideration and I intend to give it such. I have organized my comments as follows. In […]Read More
A few years ago, Cyprus announced it would accept a €10 billion bailout package on condition of imposing a one-time levy on bank deposits. The initial agreement, which included a 6.75 percent levy on deposit balances less than 100,000 euros and a 9.9 percent levy on deposit balances in excess of 100,000 euros, was largely […]Read More
Is a “strong dollar” good or bad? If the currency of another country is pegged to the US dollar, and the US dollar is “strong,” is that good or bad for the other country? A recent Wall Street Journal article was titled “Heat is on Currencies with Pegs to Dollar” and the subtitle was “The […]Read More