All Posts Tagged With: "exchange rates"
Money and Inflation: What’s Going On in the World?
Are America and the world at risk for another inflationary episode similar to the 1970s and early 1980s? Or do current low rates of inflation portend low inflation for the foreseeable future? David Wessel revisited this question in his “Capital” column in the February 24, 2011, Wall Street Journal. He correctly stated that the Federal [...]
25May2011 | Gerald P. O'Driscoll, Jr. | 6 comments | ContinuedTax Cuts Cause Trade Deficits and Currency Depreciation?
In a recent New York Times opinion piece Franco Modigliani and Robert M. Solow, Nobel Prize-winning economists, weighed in with yet another leftist objection to President Bush’s tax cut. The gist of their criticism is that such a “massive, permanent tax cut” will worsen the international economic position of the United States, leading to a [...]
1Aug2001 | Joseph T. Salerno | 1 comment | ContinuedAbolish Legal Tender
Alex Moseley teaches economics at the University of Evansville’s British campus at Harlaxton Manor. An advertisement in an English newspaper offers a one-million-dollar bill for sale—at the remarkably reduced price of £29.95 (about $50.00). However, this great deal comes with the words “Not Legal Tender.” Thereby the advertisement unwittingly presents the essential problem of national [...]
1Feb1999 | D. Alexander Moseley | 3 comments | ContinuedCurrency Convertibility
Few of us understand the subtle device of currency restrictions used by all governments to deprive their citizens of both freedom and property The value of currencies, like the value of many other commodities, depends upon a thousand factors which cannot be measured. These depend upon the opinions of the thousands of businessmen who want [...]
1Nov1955 | George Winder | 0 comments | Continued-
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