All Posts Tagged With: "money creation"

The New Fed

“Things are seldom what they seem.” —W. S. Gilbert, “H.M.S. Pinafore” Nowhere is this more true than in government, which means we have to watch it closely. Unfortunately preconceived notions can make us impervious to events right in front of us and lead us to colossal misperceptions. Take the Federal Reserve System. (All together now: [...]

21Sep2011 | Sheldon Richman | 2 comments | Continued

What’s Up with Inflation?

Inflation as measured by the Consumer Price Index (CPI) has been almost nonexistent for several years, though it started creeping higher in the first half of 2011. Yet many prices have been rising at double-digit percentage rates. Are official figures trustworthy? And what of expectations? There is a great deal of buzz right now about inflation [...]

22Jun2011 | Warren C. Gibson | 14 comments | Continued

Government, Fiscal Responsibility, and Free Banking

Richard Ebeling is the president of FEE. This paper was delivered at a conference on “One Hundred Years of Dollarization, or a Century without a Central Bank: The Case of Panama,” sponsored by Fundación Libertad in Panama City, Panama, on November 12, 2004. There has been no greater threat to life, liberty, and property throughout [...]

1Feb2005 | Richard M. Ebeling | 0 comments | Continued

Economics on Trial

In today’s robust global economy, the wheat represents genuine prosperity—the new products, technologies, and productivity generated by capitalists and entrepreneurs. It represents real economic growth and when harvested, reflects a true higher standard of living for everyone. Under such conditions, stock prices are likely to rise.

1Sep2000 | Mark Skousen | 0 comments | Continued

Money 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 | 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

Abolish 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 | Continued

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