All Posts Tagged With: "monetary expansion"

Quantitative Easing Forever?

Despite assertions that it has ended its policy of quantitative easing (QE), the Fed is unlikely to be able to do so until it also ends its zero-interest-rate policy (ZIRP). This deadly policy duo has had terrible consequences for the American economy and every country using U.S. dollars. It is as though the Fed were [...]

26Oct2011 | Christopher Lingle | 1 comment | Continued

Legends of the Fall: The Real and Imagined Sources of Our Bubble Economy

Preface The Foundation for Economic Education is pleased to announce that Richard W. Fulmer of Humble, Texas, is the winner of the second annual Eugene S. Thorpe writing competition. Mr. Fulmer holds a bachelor’s degree in mechanical engineering from New Mexico State University and for over 20 years has worked as a systems analyst in [...]

24Mar2010 | Richard W. Fulmer | 13 comments | Continued

Federal Reserve to Leave Interest Rates Near Zero

“The Federal Reserve said Wednesday that it will shut down some of the emergency triage measures it put in place at the height of the financial crisis but will leave interest rates near zero out of continuing concern about the weak U.S. economy.” Never underestimate government’s willingness to delay the inevitable. FEE Timely Classic: “Economics [...]

17Dec2009 | Mike Van Winkle | 0 comments | Continued

On the Austrian Theory of the Trade Cycle, Part I

One of the most vivid memories of my undergraduate years is of sitting for hours in my carrel in the old Polk Library at Nicholls State University and reading F.A. Hayek’s Monetary Theory and the Trade Cycle and his Prices and Production. These books on the economic cycles of booms and busts are among the [...]

20Jan2009 | Donald J. Boudreaux | 5 comments | Continued

Why “Inflation” Is Back

“Government,” observed the renowned Austrian economist Ludwig von Mises, “is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.” Mises was describing the curse of inflation, the process whereby government expands a nation’s money supply and thereby erodes the value of each monetary unit—dollar, peso, pound, [...]

1Nov2008 | Lawrence W. Reed | 9 comments | Continued

The Current Economic Crisis and the Austrian Theory of the Business Cycle

Richard Ebeling is completing his tenure as the president of FEE. This fall he will teach economics at Trinity College in Hartford, Conn. The current financial crisis emerged out of an economic boom that began in 2003 and saw rising stock values, increasing home prices, and high levels of employment and production. The upturn followed [...]

1Jun2008 | Richard M. Ebeling | 4 comments | Continued

Monetary-Policy Disasters of the Twentieth Century

Kirby R. Cundiff is an associate professor of finance at Northeastern State University in Tulsa, Oklahoma, and an adjunct associate professor of finance at the University of Maryland University College. The Federal Reserve System was created in 1913 and soon did what central banks almost always do: it started printing lots of money. During World [...]

1Jan2007 | Kirby R. Cundiff | 5 comments | Continued

Market Money and Free Banking

“If we want to have money, it must be something that cannot be increased with a profit by anybody, whether government or a citizen. The worst failures of money, the worst things done to money were not done by criminals but by governments, which very often ought to be considered, by and large, as ignoramuses [...]

1Oct1999 | Bettina Bien Greaves | 2 comments | Continued

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