All Posts Tagged With: "private banking"
How Rapidly Should the Money Supply Grow?
I would like to make one correction to Howard Baetjer’s article “Inflation 101” (September). The author suggests that inflation results when the money supply expands faster than the rate at which goods and services are produced. The author correctly points out that this expansion of the money supply will lead to rising prices. But inflation [...]
22Jan2009 | Mike Van Winkle | 0 comments | ContinuedThe Fed’s Potent Power
The Federal Reserve holds the fate of the U.S. economy in its hands. Or that’s the conclusion many observers draw when they watch investors react wildly to the most minute details of the Fed’s policy statements. This conclusion is at once exaggerated and accurate. It’s exaggerated because, at bottom, the Fed controls only the supply [...]
1Jan2007 | Donald J. Boudreaux | 1 comment | ContinuedMarket 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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