All Posts Tagged With: "price stability"
Central Banking Beats Free Banking?
In “More Bits on Whether We Need a Fed,” a November 21 Marginal Revolution blog post, George Mason University economics professor Tyler Cowen questions “why free banking would offer an advantage over post-WWII central banking (combined with FDIC and paper money).” He adds, “That’s long been the weak spot of the anti-Fed case.” Free banking [...]
23Mar2011 | Fred E. Foldvary | 3 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 | ContinuedCapital Letters
David Hume and Reason In the very title of his article in The Freeman of October 2007, Frank van Dun asks, “Can We Be Free If Reason Is the Slave of the Passions?” His article is uncommonly long and gauzy for a Freeman piece; and his citations to David Hume’s Treatise of Human Nature are [...]
1Jan2008 | Frank van Dun | 0 comments | ContinuedSubprime Monetary Policy
In recent years monetary policy has been conducted so as to create an expectation that the Federal Reserve will bail out investors when asset bubbles deflate. Investors have come to bank on the Fed’s backing of risky ventures. The recent crisis in the subprime mortgage market is at least partly the outcome of this new [...]
1Nov2007 | Gerald P. O'Driscoll, Jr. | 2 comments | ContinuedThe Economy Is Cyclical?
According to a memorable title, “Business Cycles Aren’t What They Used to Be—and Never Were” (Gerald Sirkin, Lloyd’s Bank Review, v. 104, 1972). In today’s political and economic environment, we need to be clear about which characteristics endure and which ones can and do change over time. We might begin with a reminder about characteristics [...]
1Sep2001 | Roger W. Garrison | 0 comments | ContinuedMoney and the Nation State: The Financial Revolution, Government and the World Monetary System
Bert Ely is a financial institutions and monetary policy consultant in Alexandria, Virginia. This is a book on a vital—and much misunderstood—topic. It is sometimes excellent, but largely disappointing. The book consists of 13 chapters divided into three sections: The History of the Modern International Monetary System, Modern Money and Central Banking, and Foundations for [...]
1Jun1999 | Bert Ely | 1 comment | 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-
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