Archive for Richard H. Timberlake
Final Comment on Salerno’s Monetary Program
I am not going to re-argue the points of difference between Salerno’s arguments and mine in this final rejoinder. The reader must decide for himself which parts if any of our respective views are most logical and most useful in dealing with the events under scrutiny. I find that nothing in Salerno’s final account refutes [...]
1Sep2000 | Richard H. Timberlake | 1 comment | ContinuedAustrian Inflation, Austrian Money, and Federal Reserve Policy
Richard Timberlake is a retired professor of economics and author of Monetary Policy in the United States: An Intellectual and Institutional History (University of Chicago Press). Joseph Salerno’s essay in The Freeman: Ideas on Liberty, October 1999, extensively criticized the series of three articles I had published in previous issues of the magazine.[1] I find [...]
1Sep2000 | Richard H. Timberlake | 0 comments | ContinuedThe Fed Sets Interest Rates?
Newspaper headlines across the country on July 1 provided some bad news for consumers: “Fed moves to raise interest rates.” Associated Press writer Martin Crutsinger explained: “The Federal Reserve raised interest rates for the first time in two years.., nudging borrowing costs higher for millions of American consumers and businesses …. At the conclusion of [...]
1Dec1999 | Richard H. Timberlake | 2 comments | ContinuedThe Reserve Requirement Debacle of 1935-1938
Richard Timberlake is a professor of economics retired from the University of Georgia. This is the last in a series. The principal thrust of Treasury-Federal Reserve monetary policy throughout the 1920s and 1930s was by turns restrictive, contractionary, and depressive. Even as the economy was floundering helplessly in a financial environment of monetary austerity, no [...]
1Jun1999 | Richard H. Timberlake | 0 comments | ContinuedGold Policy in the 1930s
Richard Timberlake is a professor of economics retired from the University of Georgia and author of Monetary Policy in the United States: An Intellectual and Institutional History (University of Chicago Press, 1993). This is the second in a series. Between 1929 and 1933, the Federal Reserve System, which is the central bank of the United [...]
1May1999 | Richard H. Timberlake | 1 comment | ContinuedMoney in the 1920s and 1930s
Richard Timberlake is a professor of economics retired from the University of Georgia, and author of Monetary Policy in the United States, An Intellectual and Institutional History (University of Chicago Press, 1993). This article is the first in a series. One of the most enduring and troublesome mysteries in economics is money: how it is [...]
1Apr1999 | Richard H. Timberlake | 3 comments | ContinuedHamilton’s Blessing by John Steele Gordon
Walker and Company • 1997 • 214 pages • $21.00 Richard Timberlake, a Freeman contributing editor, is professor of economics emeritus at the University of Georgia, Athens. Hamilton’s Blessing, by historian John Steele Gordon, begins by declaring that “The United States, was born in debt.” And the last sentence in Gordon’s conclusion states: “So while [...]
1Feb1998 | Richard H. Timberlake | 0 comments | ContinuedRed-Lining the Federal Government Budget
Dr. Timberlake is professor of economics emeritus at the University of Georgia, Athens. Throughout the United States, millions of households and business firms routinely balance their annual expenditures with their annual incomes. They look aghast and uncomprehendingly at a federal government that has not balanced its budget in the last 25 years, while its debt—the [...]
1Nov1996 | Richard H. Timberlake | 0 comments | ContinuedHow Gold Was Money–How Gold Could Be Money Again
1. Gold and Silver: The Money of the Constitution Students, scholars, and some curious people who occasionally stray into the text of the U.S. Constitution are properly puzzled by what seems to be that document’s "plain language" and some of the things they see around them in the world today. One such thing is the [...]
1Apr1995 | Richard H. Timberlake | 5 comments | ContinuedFree Market Money in Coal-Mining Communities
Richard H. Timberlake is professor of economics, University of Georgia. This article originally appeared in the Journal of Money, Credit, and Banking, Vol. 19, No. 4 (November 1987) and is reprinted here with permission. Copyright © 1987 by the Ohio State University Press. “In the company town, or mining camp, . . . United States [...]
1Oct1989 | Richard H. Timberlake | 0 comments | Continued-
The Latest
Contraception: Insuring the Uninsurable
Update below. Controversy rages over the Obama administration’s mandate that all employers – including... Read More
The Snow Plowers’ Petition
The following might have happened in a small college town in upstate New York… In a cold and snowy... Read More
Super Bowl versus Education?
In the spirit of Super Bowl weekend I’d like to deconstruct a Facebook status update that a friend... Read More
Capitalism, Corporatism, and the Freed Market
When a front-running presidential contender tells the country that thanks to Barack Obama, “[w]e are... Read More
Creating Jobs versus Creating Value
Picking on New York Times columnist Paul Krugman is one of the largest participation sports on the Internet.... Read More
