Jim Rickards: Perpetual Quantitative Easing
byYou might remember a couple of months ago that Jim Rickards came up with the intriguing theory that the Federal Reserve in the United…
Economics
Is there a place for experimental economics?
byEconomists have always been envious of the practitioners of the natural and exact sciences. They have thought that introducing the methods of natural sciences…
Monetarists’ blind spot on quantitative easing
byMy latest article for the IEA: The Austrian school agrees that monetary policy errors were the cause of the recession, but believes that these…
A late one for the weekend: Money From Nothing
byThe Internet is becoming a real problem for the world’s propagators of printed paper money, because from its modern western invention in Massachusetts, in…
Audio: Eliminating Monetary Externalities
byThe Mises Institute has released a recording of the Murray N. Rothbard Memorial Lecture, recorded on Thursday in Auburn, Alabama, at their Austrian Scholars…
Federal Reserve Accounting and Its Solvency
byA good article from Jeffrey Rogers Hummel at George Mason’s History News Network: The Federal Reserve’s H.4.1 Release for January 6, 2011, announced an…
Adam Smith Reveals His (Invisible) Hand!
byToday is the anniversary of the publication of Adam Smith’s most famous work, ”The Wealth of Nations” (March 9, 1776). To celebrate this important day,…
At the ASI: Mervyn King and narrow banking
byVia Tom Clougherty at the Adam Smith Institute, Mervyn King and narrow banking: Ultimately, the problem with modern banks is that they do not operate…
Money supply versus money demand
byAccording to popular thinking, not every increase in the supply of money will have an effect on the production of goods. For instance, if…
Gold bug heaven on King World News
byWith the price of gold crashing through record highs most days of the week at the moment, I should imagine most gold bugs are…