All Posts Tagged With: "bank reserves"
Bank Deregulation: Friend or Foe?
Banking has changed a lot during my lifetime—for the better. The changes are partly due to technology (ATMs, online access), but also to deregulation that subjected banks to a lot more competition. What were the major deregulatory moves and how might they have contributed to the recent crisis? Before addressing those questions, a little personal [...]
22Oct2010 | Warren C. Gibson | 5 comments | 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 | 13 comments | ContinuedMoney and Gold in the 1920s and 1930s: An Austrian View
Joseph Salerno is a professor of economics in the Lubin School of Business at Pace University. In consecutive issues of The Freeman, Richard Timberlake has contributed an interesting trilogy of articles advancing a monetarist critique of the conduct of U.S. monetary policy during the 1920s and 1930s.[1] In the first of these articles, Timberlake disputes [...]
1Oct1999 | Joseph T. Salerno | 7 comments | ContinuedRisk and Business Cycles: New and Old Austrian Perspectives
Leland B. Yeager is Ludwig von Mises Distinguished Professor Emeritus of Economics at Auburn University. The Austrian theory of the business cycle describes how expansion of money and credit can cause recession or depression. Perhaps under political pressure to cut interest rates, the monetary authorities expand bank reserves. Business firms find credit cheaper and more [...]
1Sep1998 | Leland B. Yeager | 1 comment | Continued-
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