Archive for January, 2013

Monetary Policy and Heightened Price Volatility in Raw Materials Markets

Monetary Policy and Heightened Price Volatility in Raw Materials Markets
By Robert Higgs Despite the Fed’s breathtaking increase of base money since the autumn of 2008, the money stock as measured by conventional concepts such as M2 has not increased greatly, and hence, as ordinary quantity-theory-of-money thinking would lead us to expect, inflation as measured by conventional...
January 29th, 2013 | Popular Articles, Resources | Read More

Turkey’s Gold Policy

Turkey’s Gold Policy
by Adrian Ash AMID the brouhaha over Germany’s gold reserves at the Bundesbank, there’s another central bank using gold actively to bolster its currency and financial stability. The strategy looks the same – sitting on big stockpiles of the stuff. But the aim differs, because gold is much...
January 29th, 2013 | Popular Articles, Resources | Read More

Antony Fisher: “governments shouldn’t be in the money business.”

Antony Fisher, founder of Atlas, the organization that hosts and administers www.soundmoneyproject.org, left us with good guidelines and principles. This from a speech in 1980: “Many studies need to be made. We need a series of studies by different and perhaps young academics elucidating monetary...
January 23rd, 2013 | Commentary | Read More

China: Money Matters

China: Money Matters
By Steve H. Hanke Contrary to what the doomsters have been telling us, China’s economy is not on the verge of collapse. As the Wall Street Journal’s man in Beijing (and my former student), Aaron Back, reported: “China’s economic growth accelerated in the fourth quarter of 2012.”...
January 22nd, 2013 | Blogs, Resources | Read More

Money in Bad Faith

Money in Bad Faith
The depredations of the Fed. by Judy Shelton The Federal Reserve is not your friend. Whether you reside on Wall Street or Main Street, whether you are a borrower or a saver, whether you lean toward the Tea Party or the Occupy Wall Street movement​—​or whether you simply believe in free markets...
January 21st, 2013 | Commentary, Featured, Scholars' Corner | Read More