All Posts Tagged With: "stagflation"
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 | ContinuedBank Deregulation: Friend or Foe?
Banking has changed a lot during my lifetime—for the better. The changes are partly due to technology (ATMs, online access), but also to deregulation that subjected banks to a lot more competition. What were the major deregulatory moves and how might they have contributed to the recent crisis? Before addressing those questions, a little personal [...]
22Oct2010 | Warren C. Gibson | 5 comments | ContinuedDeflation: The Good, the Bad, and the Ugly
During the current recession a number of commentators have made various comparisons to the Great Depression, mostly because of the dramatic decline in the stock market and ongoing troubles in the financial industry. When oil prices also began a dramatic decline in the autumn of 2008, pulling the overall consumer price level downward for the [...]
5Jan2010 | Steven Horwitz | 59 comments | ContinuedThe Return of Keynesianism
Keynesian economics is an account of economywide employment that rather too simply alleges that economic health and growth—and, hence, the number of jobs—declines with decreases in “aggregate demand” and improves with increases in “aggregate demand.” No need to bother with questions about how well individual markets are working; no need to worry that the money supply might be growing too fast and causing individual prices to be out of whack—no! The economy is really much simpler, said Keynes, than those silly classical economists, such as Adam Smith, made it out to be.
21May2009 | Donald J. Boudreaux | 5 comments | ContinuedInflation 101: Cause Versus Transmission
Howard Baetjer, Jr. is a lecturer in economics at Towson University. It’s always a pleasure for a teacher to receive a note from a former student showing that he or she has taken key lessons to heart. I had such a pleasure last winter when Joey, who had taken Money and Banking with me last [...]
1Sep2008 | Howard Baetjer Jr. | 2 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 | 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 Lasting Legacy of the Reagan Revolution
Former President Ronald Reagan passed away June 5 at the age of 93. Both while he was in office, from 1981 to 1989, and in the years since, Reagan has been loved and adored by many on “the right” and hated and ridiculed by most on “the left.” During his years as president he represented [...]
1Jul2004 | Richard M. Ebeling | 1 comment | ContinuedGottfried Haberler: A Centenary Appreciation
During the first week of July in 1936, an international conference on the “Problems of Economic Change” was held in Annecy, France. It brought together such notable economists as Ludwig von Mises, Wilhelm Röpke, Oskar Morgenstern, Bertil Ohlin, Lionel Robbins, Dennis Robertson, Charles Rist, William Rappard, John B. Condliffe, John Van Sickle, Alvin Hansen, John [...]
1Jul2000 | Richard M. Ebeling | 3 comments | Continued-
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