Archive for the ‘Journal Articles’ Category

China: America’s Financial Colony or Mercantilist Predator?

China: America’s Financial Colony or Mercantilist Predator?
China: America’s Financial Colony or Mercantilist Predator?, by Lewis E. Lehrman The article was originally posted here. The author argues the U.S. has a colonial-like power over China because of the latter’s dependence on dollar-denominated financial assets. Share on Facebook
August 29th, 2011 | Commentary, Journal Articles | Read More

“A Note on the Machiavellian Origins of Central Banking in America” – QJAE

“A Note on the Machiavellian Origins of Central Banking in America” – QJAE
“In The Mystery of Banking, Murray Rothbard explained how the origins of central banking in the U.S. were rooted in a lobbying effort by Robert Morris and other “nationalists” to create a bank modeled after the Bank of England that would subsidize their businesses with cheap credit and other...
May 31st, 2011 | History of Money, Journal Articles | Read More

“An Austrian Rehabilitation of the Phillips Curve” – Cato Journal

“An Austrian Rehabilitation of the Phillips Curve” – Cato Journal
“William Niskanen (2002) estimated a Phillips curve for the United States using annual 1960–2000 data. By adding one-year lagged terms in unemployment and infl ation, he was able to show that this familiar equation is misspecified. In his improved specification, Niskanen found that the immediate...
May 19th, 2011 | Future of Money, History of Money, Journal Articles, State of Money | Read More

“The Federal Reserve System’s Influence on Research in Monetary Economics” – White

“The Federal Reserve System’s Influence on Research in Monetary Economics” – White
“The Federal Reserve System is a major sponsor of monetary economics research by American economists. I provide some measures of the size of the Fed’s research program (both inputs and published outputs) and consider how the Fed’s sponsorship may directly and indirectly influence the character...
May 18th, 2011 | Future of Money, History of Money, Journal Articles, State of Money | Read More

“How Would the Invisible Hand Handle Money?” – Selgin and White

“How Would the Invisible Hand Handle Money?” – Selgin and White
“It is easy to note what is absent from a pure laissez faire monetary regime. There is no government control of the quantity of exchange media. There is no state-sponsored central bank. There are not legal barriers to entry, branching, or exit of commercial banks (or non-bank financial institutions,...
May 13th, 2011 | Future of Money, Journal Articles | Read More