Archive for March, 2011

Where Did the Free Banking Debate Go?

Where Did the Free Banking Debate Go?
The discussion in monetary institutions is becoming increasingly relevant in economics. How to deal and avoid financial crisis is an important issue. The recent financial crisis showed that economics might not be as suited to foresee and deal with these problems as the theory seems to suggest. This analysis...
March 31st, 2011 | Commentary, Scholars' Corner | Read More

“France Begins Pressure for Sound World Money” – 1933

“France Begins Pressure for Sound World Money” – 1933
“‘World leaders must understand that re-establishment of international confidence is more important for recovery in every country than the artificial measures from which people sometimes expect salvation,’ Daladier said. He hoped the world would not suffer an international monetary...
March 31st, 2011 | History of Money, Popular Articles | Read More

“China Warns of ‘Dollar Trap’” – Fortune

“China Warns of ‘Dollar Trap’” – Fortune
“A top Chinese economist warned that the world has fallen into a “dollar trap,” as U.S. trading partners lack an alternative to the greenback and can’t prevent the Federal Reserve from printing more money. The arrangement means big holders of dollars – such as China, which holds...
March 31st, 2011 | Popular Articles, State of Money | Read More

“The GOP’s New Gold Rush” – Tim Murphy

“The GOP’s New Gold Rush” – Tim Murphy
“After three decades of railing against America’s monetary policies, Congress’ most famous gold bug and anti-Fed crusader, Rep. Ron Paul (R-Texas), doesn’t have much to show for his efforts on the national level. But Paul’s message finally seems to be gaining traction outside...
March 30th, 2011 | Blogs, Future of Money, State of Money | Read More

“ECB Cannot Tailor Monetary Policy to Individual Countries” – FT

“ECB Cannot Tailor Monetary Policy to Individual Countries” – FT
“The benefit of maintaining price stability in the eurozone as a whole, and thereby keeping the inflation risk low, becomes even greater in times of crisis. At the height of the financial crisis, the ECB lowered interest rates aggressively in the face of downside risks to price stability. To the...
March 30th, 2011 | Future of Money, Popular Articles, State of Money | Read More