Saturday, 30 August 2014


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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Tough Questions for the Fed

July 17, 2014

This past week, Janet Yellen, chairwoman of the Federal Reserve, delivered her semi-annual monetary policy report to congress, confidently supporting the Fed’s ultra-low interest policies. While critics in the legislature and economists alike were quick to question her unabashed conclusions, market investors continued to exploit capital gains on their portfolios. In her recent article, published […]

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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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Another Financial Meltdown on the Horizon

Posted by Gonzalo Schwarz
July 2, 2014

Is there another financial meltdown on the horizon? Dr. Judy Shelton who co-directs the Atlas Sound Money Project surely believes so. In her latest article in The Hill Dr. Shelton warns about the “alarming disconnect between the performance of global equity markets, which are booming, and an underlying world economy that is merely limping along”. […]

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Bulgaria’s Currency Board versus Ukraine’s Chaos

Posted by Gonzalo Schwarz
February 28, 2014

By Steve H. Hanke When Communism inevitably and finally collapsed, Bulgaria’s economy was a basket case – behind almost all other communist basket cases, including Ukraine’s. Indeed, Bulgaria defaulted on its debt in 1990. By February 1991, Bulgaria had broken out in a bout of hyperinflation, with the inflation rate at 123% per month. And […]

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QE is a Mistake—a Big One

Posted by Gonzalo Schwarz
February 26, 2014

by Allan H. Meltzer, Carnegie Mellon University and Hoover Institution With $2.5 trillion sitting idle on bank balance sheets and more than $2 trillion additional sitting on corporate balance sheets, we should expect the Federal Reserve to ask: What can more quantitative easing—QE—do that banks and corporations cannot do without it? The right answer is […]

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