Archive for Lawrence H. White
Lawrence White is the F. A. Hayek Professor of Economic History at the University of Missouri-St. Louis.
How Much Money Does an Economy Need?
In How Much Money Does an Economy Need? Hunter Lewis addresses some of the most fundamental questions of monetary policy in a question-and-answer format. For a subject often clouded by technicalities, the language is refreshingly plain. Sometimes too plain, perhaps, to satisfy an academic economist. But academic economists aren’t the intended audience. The book can [...]
15Oct2009 | Lawrence H. White | 1 comment | ContinuedThe Financial Bailouts: “See the Needle and the Damage Done”
On Wednesday, September 17, 2008, according to the New York Times, Fed Chairman Ben Bernanke used “a speaker phone from his ornate office” to tell Treasury Secretary Henry Paulson “that it was time to adopt a comprehensive strategy that Congress would have to approve” for dealing with the financial-market troubles. After a second call on [...]
27Feb2009 | Lawrence H. White | 8 comments | ContinuedThe Subprime Crisis Shows that Government Intervenes Too Little in Financial Markets? It Just Aint So!
Start with two assumptions. No. 1: banking and financial markets are inherently unstable. No. 2: government intervention into banking and financial markets can only stabilize (never destabilize). You’ll find it easy to conclude that any period of market instability we experience, like the recent subprime-lending problem, is the market’s fault and that it could have [...]
1Oct2008 | Lawrence H. White | 0 comments | Continued-
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Book Reviews
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The End of Prosperity: How Higher Taxes Will Doom the Economy–If We Let it Happen
By Arthur B. Laffer, Stephen Moore, and Peter J. Tanous
