“First, discretionary policy at times tends to be dominated by goals other than, and even contradictory to, stabilization (for example, pegging bonds yields, halting gold outflows), whereas the automatic framework […]
“First, discretionary policy at times tends to be dominated by goals other than, and even contradictory to, stabilization (for example, pegging bonds yields, halting gold outflows), whereas the automatic framework […]
“This happy outcome was a result of serious efforts by the Finance Ministry to contain budget expenditure and by the Central Bank to restrain excessive monetary growth. Inflation control became […]
“Keynesian ideas seem to pop up time and time again, especially in times of crisis. Keynes himself even sensed the impact his theories were going to have. When Keynes was […]
“This is Tom Hoenig’s moment, and it’s a strange one. In Washington, he is the burr in Fed Chairman Bernanke’s saddle: the rogue heartland banker who keeps dissenting alone—for the […]
Our friends over at the Cato Institute will be hosting their 28th Annual Monetary Conference on November 18. Cato’s 28th Annual Monetary Conference — Asset Bubbles and Monetary Policy — […]
“Miners such as Newmont (NEM) and Silver Wheaton (SLW) galloped to new highs on Wednesday, as gold prices reached another new peak in the wake of the Fed’s latest comments. […]
“There’s a difference between interest and commitment. When you’re interested in doing something, you do it only when circumstance permit. When you’re committed to something, you accept no excuses, only […]
“In the spring of 1981, conservative Republicans in the House of Representatives cried. They cried because, in the first flush of the Reagan Revolution that was supposed to bring drastic […]
The Sound Money project of the Atlas Economic Research Foundation will be sponsoring a lecture on “The Importance of Sound Money” by Dr. Art Carden at Rhodes College on November […]
“The historical episodes of hyperinflation that we know of consisted of rapidly falling money demand alongside rapidly rising money supply. In general terms, what tends to happen is that after […]