Central Banking
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It’s October 1931
“We are now more than two years into the Great Recession, which began in December 2007. In the Great Depression, this was the point where the Fed decided to raise […]
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“Shughart: Bernanke agonistes”
“Mr. Bernanke has become something of a lightning rod for critics on the left, who think his response to the financial crisis that triggered the recession has been too timid, […]
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“The Fed’s Anti-Inflation Exit Strategy Will Fail”
“Federal Reserve Chairman Ben Bernanke has explained his exit strategy to prevent future inflation. The Fed recently began to pay interest to banks on the reserves they hold in their […]
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A History of the Federal Reserve: 1913-1951
“A history of the Federal Reserve is a history of the decisions made and the ideas that prompted them. The chapters that follow allow the participants to explain their action […]
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Interview With George Selgin
“I use the term to mean laissez-faire banking — banking without any special government regulations or restrictions. Like free trade, it’s an ideal concept. It doesn’t refer to any specific […]
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Bernanke is Time’s Person of the Year
Bernanke is Time’s Person of the Year Steve Horwitz The Austrian Economists
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The Rationale of Central Banking and the Free Banking Alternative
“In the present century centralised banking systems have come to be regarded as the usual concomitant, if not one of the conditions of the attainment of an advanced stage of […]