Articles
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Why Do We Have a Central Bank?
by Gerald P. O’Driscoll, Jr. Why do nations have central banks? Countries have developed without one, and sophisticated financial systems have evolved in their absence. Some countries with a central […]
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“Rand Gains Fifth Day as Bernanke Says Further Stimulus Possible”
“South Africa’s currency appreciated as much as 0.3 percent to 6.8530 per dollar and traded at 6.8550 by 9:35 a.m. in Johannesburg, from a previous close of 6.8760. Against the […]
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“Fed Won’t Raise for Years Amid Slow Payrolls Growth, Gross Says”
““Ultimately, the low interest rate and the negative real interest rate is a serious detriment to savings,” Gross said. “During periods of time like this in which governments are forced […]
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“The Role of International Law in Monetary Affairs”
“Monetary affairs have been a stronghold of national sovereignty, and international law is poorly developed in this field, which has been characterized by informal coordination. This article explores the theoretical […]
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“Domestic Inflation Versus International Solvency” – Gary North
“The nation which indulges itself with an inflationary “boom” inev itably faces the economic conse quences: either runaway inflation or a serious recession-depression. If the inflation should cease, unem ployment […]
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“Fed Official Urges More Stimulus”
“Ballooning U.S. debt is a serious long-term threat, but the economy needs more stimulus now, a top Federal Reserve official said Wednesday. Fed Vice Chairwoman Janet Yellen said she supported […]
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“Can the Fed Become Insolvent?”
“In light of Bernanke’s plans to purchase $600 billion of longer-term government debt, many academic economists are beginning to worry: Could the Federal Reserve itself become insolvent? In this article […]
