Archive for the ‘Policy Papers’ Category

More Credit, More Money: Poland and the Euro-zone

By Steve H. Hanke Money matters — it’s a maxim of Prof. Milton Friedman that I repeat often in my columns, and to my students in class. Since the Northern Rock bank run of 2007 — the “opening shot” of the recent financial crisis — the money supply, broadly measured, in Poland and the rest...
November 11th, 2013 | Future of Money, Money Timeline, Policy Papers, Resources, State of Money | Read More

Panic in Persia as Hyperinflation Hits Iran

Panic in Persia as Hyperinflation Hits Iran
by Steve H. Hanke For decades, the Iranian economy has been cobbled together by religious-bureaucratic regimes that have employed mandates, regulations, price controls, subsidies and a wide variety of other interventionist devices, in an attempt to achieve their goals. It’s all been kept afloat...
November 8th, 2012 | Policy Papers, Resources | Read More

Central Banks: Reform or Abolish?

Central Banks: Reform or Abolish?
by Gerald P. O’Driscoll Jr. Advocates of central bank reform must examine why central banks emerged and what forces sustain them. They did not arise in an institutional vacuum, and will not be reformed in an institutional vacuum. The historical origins of central banks explain how they came into...
October 16th, 2012 | Policy Papers, Resources | Read More

“Measuring Inflation: The Core is Rotten” – Bullard

“Measuring Inflation: The Core is Rotten” – Bullard
“Controlling overall inflation is a goal of monetary policy. Measures of overall, or headline, inflation attempt to include changes in the prices paid for a wide variety of goods—that is, what households actually have to pay for their daily purchases. This is a sensible notion of precisely what...
May 25th, 2011 | Policy Papers, State of Money | Read More

“Fannie Mae, Freddie Mac, and the Future of Federal Housing Finance Policy” – Cato

“Fannie Mae, Freddie Mac, and the Future of Federal Housing Finance Policy” – Cato
“The federal government recently placed Fannie Mae and Freddie Mac, the government chartered, privately owned mortgage finance companies, in conservatorship. These two massive companies are profit driven, but as government-sponsored enterprises (GSEs) they also have a government-mandated mission...
May 18th, 2011 | Future of Money, Policy Papers | Read More