Friday, 28 November 2014
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    Financial Service Flat Illustration Concept

    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 […]
    Shady image of a business team discussing the latest financial results

    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 […]
    Federal Reserve Building Hq Washington Dc

    Central banking and central planning

    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 […]

    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 […]
    Business Vision: Free Your Mind

    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 […]
    Accounting And Finance

    Government money…

    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 […]
    Foreign Currency Exchange Stock Market as Concept

    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 […]

    Recap of the 32nd Cato Monetary Conference

    November 17, 2014
    On November 6th, The Cato Institute in Washington DC held the 32nd Cato Monetary Conference. Last year, the topic of the conference was an assessment of the 100 years of the Fed. This year, the theme of the conference was about proposals and possibilities of institutional and monetary reforms and the whole Sound Money Project […]