Archive for May, 2012

How the Federal Reserve Manipulates Interest Rates and the Money Supply

How the Federal Reserve Manipulates Interest Rates and the Money Supply
by Robert Wenzel My post on the eurozone crisis and Ben Bernanke targeting of the Fed Funds rate has resulted in a number commenters asking for specifics on how it’s all done. Below is a quick explanation, for a more detailed explanation I recommend Murray Rothbard’s book, The Mystery...
May 31st, 2012 | Blogs, Resources | Read More

Pre-Fed Panics: Their Causes, Cont’d

Pre-Fed Panics: Their Causes, Cont’d
Earlier we posted a reply, by Dr. Bob Murphy, to an NYT blog post by Dr. Paul Krugman, wherein Murphy criticized Krugman’s interpretation of certain statistics and used work by Dr. Steven Horwitz to buttress his argument. Here Dr. Joseph Salerno takes issue with Dr. Horwitz’ conclusions,...
May 31st, 2012 | Blogs, History of Money, Resources | Read More

Europeans Ambivalent About the Euro

Europeans Ambivalent About the Euro
From the Associated Press: LONDON — The debt crisis that has ravaged Europe for the best part of three years has exposed a dislike of the single currency but little desire to abandon it, a wide-ranging survey of public opinion found Tuesday. Pew Research Center’s survey across eight European Union countries,...
May 30th, 2012 | Popular Articles, Resources | Read More

The Impending Bernanke Bust

The Impending Bernanke Bust
by Michael Pollaro To Austrians, all economic “booms” founded on monetary largesse always end in economic busts, roughly equal in size and intensity to the preceding booms. By distorting interest-rate and price signals and, as a consequence, creating malinvestments that must eventually...
May 29th, 2012 | Future of Money, Popular Articles, Resources | Read More

Seeing is NOT Believing at Today’s Fed

Seeing is NOT Believing at Today’s Fed
By GEORGE MELLOAN Federal Reserve Chairman Ben Bernanke’s new policy of openness has much to recommend it, in that it gives the markets information about current and future monetary policy that removes some of the guesswork of years past. But now that traders and investors have better insights...
May 29th, 2012 | Popular Articles, Resources, State of Money | Read More