All Posts Tagged With: "Paul Volcker"
The Rise and Fall of Glass-Steagall
The ongoing financial crisis has pundits, bloggers, academics, and politicians scrambling for explanations. Deregulation gets a major share of their attention, specifically the 1999 repeal of the Glass-Steagall Act of 1933. Just what was Glass-Steagall and how did it come about? Bank failures were among the most dramatic and devastating aspects of the Great Depression. [...]
22Sep2010 | and Jeffrey Rogers Hummel | 6 comments | ContinuedMonetary-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 | ContinuedThe Greenspan Fed in Perspective
Some readers of the Wall Street Journal might have been led to believe that Alan Greenspan had somehow followed Milton Friedman’s monetary rule. We now see, though, that there was no well-grounded rule; there was no standard.
1Jun2006 | Roger W. Garrison | 1 comment | ContinuedThe Fed: The Inside Story of How the World’s Most Powerful Financial Institution Drives the Markets
Reviewed by Larry Schweikart Martin Mayer has been writing books on banking for years, and never lacks for a publisher. His books tend to ramble, however, and this one is no exception. Worse, they tend to reinforce erroneous notions about the supposed need for government intervention in financial markets and institutions. Mayer begins with a [...]
1Aug2002 | Martin Mayer | 0 comments | ContinuedThe Central Banks
Mr. French is a vice president in commercial real estate lending for a bank in Las Vegas, Nevada. Believing that America’s central bank, the Federal Reserve, has almighty power over interest rates and, in turn, the well-being of the country’s economy, the financial press constantly focuses its attention on the actions of the Fed. Fed [...]
1Dec1996 | Douglas E. French | 0 comments | Continued-
The Latest
Contraception: Insuring the Uninsurable
Update below. Controversy rages over the Obama administration’s mandate that all employers – including... Read More
The Snow Plowers’ Petition
The following might have happened in a small college town in upstate New York… In a cold and snowy... Read More
Super Bowl versus Education?
In the spirit of Super Bowl weekend I’d like to deconstruct a Facebook status update that a friend... Read More
Capitalism, Corporatism, and the Freed Market
When a front-running presidential contender tells the country that thanks to Barack Obama, “[w]e are... Read More
Creating Jobs versus Creating Value
Picking on New York Times columnist Paul Krugman is one of the largest participation sports on the Internet.... Read More
