Archive for January, 2010

“China Cools Lending Pace”

“China Cools Lending Pace”
“China hopes cooling the pace of lending will keep its economy growing without creating inflation and overheating.” See the CNN video here. “China Cools Lending Pace” CNN, January 25, 2010. Share on Facebook
January 29th, 2010 | Audio-Video, State of Money | Read More

“The Fed’s Anti-Inflation Exit Strategy Will Fail”

“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 vaults. Using this new tool, it claims the ability to get banks to keep the money instead of lending it out, thus...
January 28th, 2010 | Popular Articles, State of Money | Read More

A History of the Federal Reserve: 1913-1951

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 and the reasons for them, in their own words. These decisions produced very different results: a steep postwar recession...
January 27th, 2010 | Books, History of Money | Read More

“Federal Government Continues Its Money Monopoly”

“Federal Government Continues Its Money Monopoly”
“Prices rise soonest, fastest, and highest where the money is being loaned out. During the realestate boom until 2007, much of the lending went to real estate, and land values zoomed up. The Federal Reserve money monopoly does not just inflate the currency, but causes distortions that end up in...
January 26th, 2010 | Popular Articles, State of Money | Read More

“Freedom and Sound Money”

“Freedom and Sound Money”
“In all countries of the so-called ‘free world,’ money represents nowadays a government controlled irredeemable paper, or ‘fiat,’ money standard. The widely held view is that this money system would be compatible with the ideal of a free society and conducive to sustainable...
January 25th, 2010 | History of Money, Popular Articles | Read More