Archive for George A. Selgin

Crisis Economics: A Crash Course in the Future of Finance

Nouriel Roubini and Stephen Mihm’s book on the great subprime crisis gets off to a good start by dismissing as a red herring the “tired” argument attributing the boom to “greed” and focusing instead on “changes in the structure of incentives . . . that channeled greed in new and dangerous directions.” These included programs [...]

30Nov2011 | George A. Selgin | 2 comments | Continued

We Need a Global Fed?

Some economic pundits see every instance of economic disorder as proof of the defects of capitalism and of the need for more extensive government regulation of the economy. It never seems to cross their minds that government regulations might even destabilize markets. A recent example of such thinking comes from Jeffrey E. Garten, dean of [...]

1Feb1999 | George A. Selgin | 0 comments | Continued

"Zero Inflation": A Flawed Ideal

Dr. Selgin is Assistant Professor of Economics at the University of Georgia and the author of The Theory of Free Banking. Lately a consensus has formed among policymakers that a stable price level or zero inflation" should be the goal of monetary policy. Federal Reserve Chairman Alan Greenspan has recently expressed sympathy for this view, [...]

1May1995 | George A. Selgin | 0 comments | Continued
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