Saturday, 18 November 2017

selgin

Salerno and Selgin on Deflation–and Quantitative Easing

Posted by Gonzalo Schwarz
June 4, 2013
in Blog

By Joseph Salerno In an interview on CNBC’s European Closing Bell show, George Selgin presents an eloquent and compelling defense of deflation that is caused by increasing productivity in the economy. He refers to this as “good deflation.” Indeed, Selgin argues that such deflation is “desirable,” because any attempt by the Fed to offset it […]

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Private innovation in currencies is a good thing

Posted by Gonzalo Schwarz
April 22, 2013
in Blog

by Matt Ridley I have a column in the Times on bitcoins and their implications for private money Bitcoins — a form of digital private money — shot up in value from $90 to $260 each after Cypriot bank accounts were raided by the State, then plunged last week before recovering some of their value. […]

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Fedophilia

Posted by Gonzalo Schwarz
December 6, 2012
in Blog

by George Selgin Although the movement to “End the Fed” has a considerable popular following, only a very tiny number of economists—our illustrious contributors amongst them—take the possibility seriously. For the rest, the Federal Reserve System is, not an ideal currency system to be sure (for who would dare to call it that?), but, implicitly at […]

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‘Has the Fed Been a Failure?’

Posted by Gonzalo Schwarz
September 25, 2012
in Blog

by Gerald P. O’Driscoll That is the provocative title of the lead paper in the prestigious economics publication, the Journal of Macroeconomics. It is authored by George Selgin, William D. Lastrapes, and Lawrence H. White. (Selgin and White are professors, Cato scholars, and many-time participants in the annual Cato monetary conference). The journal’s editor considered […]

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Sound Money Interview Series: Dr. George Selgin

Posted by Gonzalo Schwarz
April 23, 2012
in Blog

Should a monetary system be centrally planned? Don’t make Dr. Selgin laugh. We sat down with Dr. George Selgin of the University of Georgia and discussed the history of central banking, the performance of the Federal Reserve, and alternatives to a government run money monopoly. First, what it all means in 3 minutes… Then, the […]

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Penny Lame

Posted by Gonzalo Schwarz
April 20, 2012
in Blog

The government wants every last cent you’ve got. by George Selgin As Congress prepares once again to decide the fate of the penny, with deliberations to take place next week concerning whether to revive the WWII-era practice of striking pennies of steel, so as to at least avoid wasting more than a penny’s worth of […]

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Robust Convertibility

Posted by Gonzalo Schwarz
April 8, 2012
in Blog

Not as exciting as Robot Convertibles, but much more important. by George Selgin What determines the extent to which a bank can be trusted to honor its fixed-rate redemption commitments? The answer that’s at least implicit on most writings is that what matters is the nature of the assets backing a bank’s IOUs, and especially the […]

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Why Was the Federal Reserve System Created?

Posted by Gonzalo Schwarz
April 2, 2012
in Blog

Rep. Ron Paul sponsored this Congressional lecture on “Why Was the Federal Reserve Created?”, the introductory lecture in a three part series on the Federal Reserve System for Congressional staff. As a continuing educational tool this lecture was filmed and is provided to the public. The lecture was delivered by Dr. George Selgin, Professor of […]

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Anti-Bernanke

Posted by admin
March 23, 2012
in Blog

by George Selgin Despite the bright light streaming into my office window, reminding me of the beautiful spring weather here in Athens, I managed to spend most of yesterday afternoon listening to the first installment of Ben Bernanke’s 4-part lecture series on “The Federal Reserve and the Financial Crisis.” The lecture took place on Tuesday evening at […]

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Don’t blame the Depression on the gold standard – but don’t expect it back either

Posted by Gonzalo Schwarz
March 1, 2012
in Blog

Then again, who wants a government run gold standard anyway? by GEORGE SELGIN TWO of America’s Republican candidates – Newt Gingrich and Ron Paul – have dared to toy with the idea of bringing back the gold standard. Their remarks have in turn triggered a fusillade of indignant replies, from pundits and professional economists alike, […]

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Nonsense about NGDP Targeting

Posted by Gonzalo Schwarz
December 2, 2011
in Blog

by George Selgin December 1st, 2011 I meant to do so weeks ago, but I only just got around to reading the little flurry of posts concerning NGDP targeting that was set off by John Taylor’s critical remarks on the topic. And now, despite the delay, I can’t resist putting-in my own two cents, because it seems to […]

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