Sound Money
-
|
Second Thoughts on Indian Demonetization
Indians accomplished in mere months something that took Europeans ten years.
-
|
Knowledge Problem in Central Banking – Part II
The previous post presented Hayek’s knowledge problem in the context of the economic calculation debate under socialism. We discussed the distinction (sometimes overlooked) between information and knowledge. To sum up, information is […]
-
|
Knowledge Problem in Central Banking – Part I
In my previous posts, Andreas Hoffmann and I discussed the problem of unintended consequences in monetary policy, particularly as applied to the U.S. Federal Reserve and the European Central Bank […]
-
|
The Money Mirage
Luring Businessmen, Savers, and Investors To Their Economic Deaths Including as a Supplement: Retirement and Estate Planning During an Age of Inflating
-
|
What Will Inflation and Devaluation Mean to You?
By Donald G. Ferguson, Bion H. Francis, E. C. Harwood, Benjamin D. Manton, and Their Assistants on the Institute Staff Part I Where Does Money Come From, and What Is Inflation? Has […]
-
|
The Inflation Tax
Can you name an official at a major central bank who expresses worries that inflation is now, or soon will be, too high? Can you identify any financial publication–even the […]
-
|
The Regression Theorem: In Light of Bitcoin
Contra Mises, explicit coordination might be used to launch an intrinsically worthless item. Such a view is in line with standard models of money employed by economists today. Coordination also seems to have played a role in launching bitcoin.
-
-
|
Money in Illiberalism
A liberal society is governed by the principles of private property and freedom of contract, under the aegis of a nondiscriminatory rule of law. In such a society, money enables […]
-
|
Money in Liberalism
One feature of a liberal society is that its institutions, and especially its formal institutions with coercive backing, are bound by a nondiscriminatory rule of law, and work to protect […]
-
|
Panic of 1907: The Short Crisis That Began Money’s Long Fall
The Panic of 1907, 110 years ago, was used to justify the creation of the Federal Reserve. From an economic perspective, the justification was a weak reed.
-
|
Fed’s “Normalizing” in the Spirit of Cato’s Buchanan Brigade
It’s not systemic reform, but the Federal Reserve’s recent indication of climbing down from its $4.5 trillion balance sheet is being met with at least half smiles by free market […]
