All Posts Tagged With: "M2"

Government’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 | Continued

Interest Rates and the Federal Reserve

Richard Ebeling is the president of FEE. His latest book is Austrian Economics and the Political Economy of Freedom (Elgar). On June 30, 2004, the Federal Reserve Open Market Committee announced it was raising the targeted federal funds interest rate from 1 to 1.25 percent, to begin to prevent a possible future price inflation. The [...]

1Sep2004 | Richard M. Ebeling | 1 comment | Continued

Gold 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 | Continued

Money 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 | Continued

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