The Fed and asset bubbles
In his speech on April 7 2010 at the Economic Club of New York the President of the New York Fed, William Dudley argued…
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Fiscal stimulus and economic growth – are they related?
For most experts a key factor that policy makers should be watching is the gap between the actual real output and the potential real…
Read MoreWhat causes the acceptance of paper money?
Demand for a good arises because of its perceived benefit. For instance, people demand food because of the nourishment it offers them. This is…
Read MoreThe Fed and interest rates
Most experts agree that through the manipulation of short-term interest rates, the central bank by means of expectations regarding future interest rate policy can…
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Speaking truth to power
“Ron Steigler: Mr. Gardner, uh, my editors and I have been wondering if you would consider writing a book for us, something about…
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Does a fall in unemployment lead to stronger economic growth?
In July, the US unemployment rate fell 0.1% from the month before to 3.9%. The number of unemployed individuals fell by 284,000 to 6.280…
Read MoreCan deflation undo the damage of inflation?
In our various writings, we have suggested that loose monetary policy of the central bank, which amounts to the lowering of interest rates and…
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Steve Forbes awards Mark Skousen a Triple Crown in Economics
Chapman Presidential Scholar Awarded Triple Crown in Economics Announced on July 23, 2018 Chapman University (Orange, California): Steve Forbes, chairman and editor-in-chief of…
Read MoreWhy the policy of price stability weakens the process of real wealth formation
There is almost complete unanimity among economists that the most important role of the central bank is to attain price level stability. It is…
Read MoreCan sophisticated technology prevent severe economic slump?
Most economic commentators are likely to agree that in relation to the period prior to the Great Depression, the present world is many times…
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