Wednesday, 23 July 2014

State of Money

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 […]

Read More

More Credit, More Money: Poland and the Euro-zone

Posted by Gonzalo Schwarz
November 11, 2013

By Steve H. Hanke Money matters — it’s a maxim of Prof. Milton Friedman that I repeat often in my columns, and to my students in class. Since the Northern Rock bank run of 2007 — the “opening shot” of the recent financial crisis — the money supply, broadly measured, in Poland and the rest […]

Read More

The Fed prints and prints, and no huge consumer price inflation?

Posted by Alex Chafuen
January 16, 2013

In this piece, Mark Thornton tries to solve the riddle:  “Where is the Inflation?” by Mark Thornton Critics of the Austrian School of economics have been throwing barbs at Austrians like Robert Murphy because there is very little inflation in the economy. Of course, these critics are speaking about the mainstream concept of the price […]

Read More

Prof. Steve H. Hanke: Three Options to Restore Value of Iran’s National Currency

Posted by Gonzalo Schwarz
October 26, 2012

Interview with Steve H. Hanke By: Kourosh Ziabari   Iran Review  October 25, 2012 Targeted with the biting sanctions of the United States and European Union over its nuclear program, Iran’s economy is experiencing difficult and breathtaking days. The import of vital goods, including medicine and foodstuff is being impeded, the energy, insurance, transportation and industrial […]

Read More

Hanke Uncovers Iranian Currency Hyperinflation

Posted by Gonzalo Schwarz
October 19, 2012

By Ben Kupferberg  Steve H. Hanke, Professor of Applied Economics and Co-Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise, and his team of 10 undergraduates, known as the bullpen, were the first ones to come to the realization that Iran was undergoing hyperinflation after studying the black market exchange […]

Read More

Gold as a Medium of Exchange and Savings

Posted by Gonzalo Schwarz
August 30, 2012

Written by Lewis E. Lehrman Consider the natural properties of gold.  Gold is durable, homogenous, and fungible.  Indeed, by its intrinsic scientific nature, gold is imperishable, indestructible, and malleable.  Gold has a relatively low melting point, facilitating coinage.  Gold is portable and can be readily transported from place to place in exchange for other articles […]

Read More

How China Is Driving Federal Reserve Policy

Posted by Gonzalo Schwarz
August 21, 2012

By JAMES RICKARDS During the Cold War, national security analysts spoke knowingly about the art of “Kremlinology.” This was a technique for understanding Soviet power relations and policy changes taking place inside the leadership compound in the Kremlin. The Soviet Union was completely opaque. One-time leaders could be demoted and new leaders advanced without any public […]

Read More

Monetary Reform: The Key to Spending Restraint is Golden Handcuffs

Posted by Gonzalo Schwarz
August 14, 2012

Paul Ryan’s plan won’t succeed without legislation to prevent the Federal Reserve from monetizing the national debt. By LEWIS E. LEHRMAN No man in America is a match for House Budget Committee Chairman Paul Ryan on the federal budget. No congressman in my lifetime has been more determined to cut government spending. No one is better […]

Read More