Archive for April, 2010

“A Three-Point Plan to Save the Euro”

“A Three-Point Plan to Save the Euro”
“The rescue package requested by Greece will, if endorsed, buy the eurozone six months, perhaps a year at most. By then, the Greek government will have exhausted the aid and be forced to ask for more or to borrow at astronomical rates. This assumes that, before then, Greece does not precipitate...
April 30th, 2010 | Future of Money, Popular Articles | Read More

“Senate Ends Financial-Bill Standoff”

“Senate Ends Financial-Bill Standoff”
“Lawmakers ended the three-day standoff holding up action on the financial-overhaul bill, setting up a Senate debate in which both sides will be maneuvering for advantage. The breakthrough came in a bipartisan agreement on a single contentious element of the overhaul proposal: the creation of new...
April 29th, 2010 | Future of Money, Popular Articles | Read More

What Austrian Economics Can Tell Us about the Crisis

What Austrian Economics Can Tell Us about the Crisis
The recent financial crisis has called into question several basic tenets of mainstream macroeconomics. In the words of William White, former chief economist of the Bank for International Settlements (BIS), “the prevailing paradigm of macroeconomics allows no room for crises of the sort we are experiencing.” White...
April 28th, 2010 | Commentary | Read More

“Greece’s Threat to the Euro”

“Greece’s Threat to the Euro”
“All too often in the midst of an economic and financial crisis, policymakers either engage in denial or else take flights into fantasy. Sadly, the present Greek crisis is proving to be no exception. Rather than recognising the Greek crisis for the solvency issue that it is, European policymakers...
April 28th, 2010 | Future of Money, Policy Papers | Read More

“The Limits of Monetary Policy”

“The Limits of Monetary Policy”
“History has shown that monetary stability—money growth consistent with a stable and predictable value of money—is an important determinant of economic stability. Safeguarding the long-run purchasing power of money is also essential for the future of private property and a free society. In...
April 28th, 2010 | History of Money, Policy Papers | Read More