All Posts Tagged With: "inflation"
The Great Money Binge: Spending Our Way to Socialism
“Can we do it again?” asks Amity Shlaes in her introduction to this book. She is asking about the Reagan revolution of the 1980s. In his final chapter George Melloan answers yes. But it won’t be easy because of the great expansion of government in 2008-09. He calls for a new vision of “Supply-Side Prosperity.” [...]
24Nov2010 | Gerald P. O'Driscoll, Jr. | 0 comments | ContinuedInflating Our Way to Prosperity?
As more and more money is pumped into the economy, not only do prices go up, but so do inflationary expectations.
10Nov2010 | William L. Anderson | 9 comments | ContinuedGovernment’s Diminishing Benefits from Inflation
For millennia governments have resorted to expanding the money stock, either through coinage debasement or fiat money, to finance their expenditures. This expedient, with its resulting price inflation, has occurred most noticeably during wars. And the Zimbabwe hyperinflation of 2007–08, the second worst in world history, peaking at a rate of 79.6 billion percent per [...]
22Oct2010 | Jeffrey Rogers Hummel | 6 comments | ContinuedAre We Headed for Deflation – or Inflation?
The inflation wolf may well be at the door, but we need to do a better job of explaining why the current situation exists.
15Sep2010 | William L. Anderson | 5 comments | ContinuedThe Idea Room with Professor Steven Horwitz
Update: The transcript of this session has been posted here. Today FEE and The FreemanOnline.org hosted an hour-long Idea Room live chat with Professor Steven Horwitz. In a lively discussion about contemporary economic problems, Professor Horwitz answered questions on inflation, government spending, budget deficits, the gold standard, and many other subjects. Click here to visit [...]
21Jul2010 | Tsvetelin M. Tsonevski | 25 comments | ContinuedSowing the Wind: Essays and Articles on Popular Economic Policies that Make Matters Worse
The world we live in today is a global economy. Entrepreneurs, traders, and investors are always searching for opportunities to better serve consumers. As a result, we are all interconnected. When the United States sneezes, so to speak, China, Argentina, or Mexico catches cold. In our economy of complex interrelationships, economic crises with wide-ranging consequences [...]
12Jul2010 | Bettina Bien Greaves | 2 comments | ContinuedThe Great Chinese Inflation
Inflations have undermined the cultural and economic fabric of society, bringing social chaos and revolution. One example is the Great Chinese Inflation of the 1930s and 1940s. Indeed, the destruction of the Chinese monetary system during this period helped Mao Zedong’s communist movement triumph on the Chinese mainland in 1949. In the nineteenth and early [...]
5Jul2010 | Richard M. Ebeling | 3 comments | ContinuedTheoretical Visions and Economic Prophecies
B. R. Shenoy (1905–1978) was the most important free-market economist in India during the twentieth century. Throughout the long period when socialism and economic nationalism dominated public policy in India, Shenoy was a lone voice for individual freedom, limited government, and the market economy. From 1929 to 1932 he studied at the London School of [...]
2Jul2010 | Richard M. Ebeling | 2 comments | ContinuedGreece: The Canary in the U.S. Coal Mine?
With everything that was going on in the U.S. economy this past winter, the beginnings of the crisis facing the Greek economy were certainly easy to miss. As that crisis has now come to full flower, American observers overlook it at their peril: Greece’s problems, and those of other European countries, might well represent a [...]
29Jun2010 | Steven Horwitz | 13 comments | ContinuedWill the New Bailout Save Europe?
While Greece and other European countries have been facing disaster, it is nothing like the disaster that looms because the economic piper has yet to be paid.
12May2010 | William L. Anderson | 5 comments | ContinuedEnd the Fed
Of all the blunders in American history, perhaps the greatest was the decision to put control of money and banking in the hands of a cabal of big bankers operating under the highfalutin title “Federal Reserve System.” Unfortunately, few among us know anything about the Fed, much less have any inkling of how badly it [...]
24Mar2010 | George C. Leef | 3 comments | ContinuedNFL Overtime and Economic Policy
People who “think like economists” recognize that we have to trace the unintended consequences of both individual action and the policies of governments. Good intentions are not enough to ensure good outcomes.
4Mar2010 | Steven Horwitz | 6 comments | ContinuedWhere Have All the Monetary Cranks Gone?
“Monetary crank” was never exactly a household phrase, but I know for certain it was much more widely used and understood a century ago than it is today. If you had nutty ideas about money, you were a monetary crank.
22Feb2010 | Lawrence W. Reed | 8 comments | ContinuedCongress Passes $1 Trillion Stimulus Spending Bill
“The Senate on Sunday sent President Obama another hot potato, passing a $1.1 trillion catchall spending bill that includes money needed to run dozens of government agencies but also is loaded with pork-barrel spending. “The bill, which funds most domestic federal agencies for the rest of this fiscal year, marks a 12 percent spending increase. [...]
14Dec2009 | Mike Van Winkle | 0 comments | ContinuedSoros Proposes Global CO2 Fund
“Mr. Soros suggested that rich nations finance climate subsidies for developing nations by tapping into some of the $283 billion in special drawing rights that the IMF issued to respond to the global financial crisis earlier this year. More than $150 billion of those rights went to the 15 biggest developed economies, he said. Special [...]
11Dec2009 | Mike Van Winkle | 0 comments | ContinuedFacebook “Virtual Currency” Good for Advocacy
“Health insurance industry trade groups opposed to President Obama’s health care reform bill are paying Facebook users fake money — called “virtual currency” — to send letters to Congress protesting the bill … Facebook users play a social game, like ‘FarmVille’ or ‘Friends For Sale.’ They get addicted to it. Eager to accelerate their progress [...]
10Dec2009 | Mike Van Winkle | 0 comments | ContinuedIs There a Gold Bubble?
With all of the screaming and commotion I just had to look… In the summer of 2008 I was attending FEE’s summer seminar, and on my way back to my hotel room, I heard such an uproar I had to investigate. It was coming from the large ballroom and it was far too early for [...]
25Nov2009 | Paul Cwik | 12 comments | Continued-
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