World News: Fiat Currency
A Hawk Assails Easy Money Print Email
Written by Michael S. Derby  - The Wall Street Journal
Thursday, January 17, 2013

Esther George, president of the Federal Reserve Bank of Kansas City, stepped forward as a new, high-profile internal critic of the Federal Reserve's easy-money policies.

Ms. George told an audience in Kansas City, Mo., Thursday that current Fed policies made her "uneasy" and warned that the Fed "must not ignore the possibility" that monetary policy could contribute to new bubbles that harm the financial system.

"A long period of unusually low interest rates is changing investors' behavior and is reshaping the products Read more

 
Left Swoons for Loony ‘Magic Coin’ Plan Print Email
Written by Julia A. Seymour  - MRC Business and Media Institute
Thursday, January 10, 2013

... Ralph Benko, editor of the Lehrman Institute's monetary policy website, recently attacked the platinum coin proposal, noting its violation of a monetary principle first established by the famed astronomer Copernicus. He also pointed to the hyper-inflation experienced recently in Zimbabwe, when its government violated the same principle.

In spite of left-wing opposition to spending cuts, there is a huge spending problem in the U.S. The editorial board of Investor’s Business Daily reminded readers of that very fa Read more

 
Money for Nothing Print Email
Written by Lewis E. Lehrman  - The Weekly Standard
Tuesday, January 08, 2013

Who caused the financial collapse? Just about everyone.

To appreciate this landmark work it is necessary to know a bit about the author’s background.

John Allison is not only a banker-entrepreneur; he is also a recognized intellectual leader of American business. Moreover, Allison’s financial expertise is a product of his personal biography: In a mere two decades, he built BB&T (Branch Banking & Trust Co.), a comparatively small Southern bank of $4.5 billion in assets, into a $152-billion financial enterprise, ma Read more

 
What is Wrong About the Euro, and What is Not Print Email
Written by Detlev Schlichter  - Gold Made Simple
Wednesday, December 12, 2012

Some people say that the euro is like a gold standard and that its failure demonstrates the undesirability of a return to gold. This is nonsense. To the contrary, the euro would work better if it operated more like the gold standard and if it was as hard, as inflexible and as non-political as gold.

 

Every Monday morning the readers of the UK’s Daily Telegraph are treated to a sermon on the benefits of Keynesian stimulus economics, the dangers of belt-tightening and the unnecessary cruelty of ‘austerity’ imposed on Eur Read more

 
The Currency War Heats Up Print Email
Written by Douglas French  - The Daily Reckoning
Monday, November 05, 2012

During the last debate, Mitt Romney emphatically stated he would blast China for manipulating its currency the first day he takes office. Talk about priorities. Of all the nation’s pressing issues, the minute the oath is over, he’ll be calling out China for manipulating the yuan.

A remark like that should cause exasperation for anyone in the know. As Mary Anastasia O’Grady writes in The Wall Street Journal, “To be consistent, Mr. Romney should call out the Federal Reserve on day two for engaging in its own currency ma Read more

 
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