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Written by Kathleen Packard
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Wednesday, April 17, 2013 |
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The convention wisdom at the Economist, Bloomberg and Financial Times is that Ben Bernanke should be doing even more to irritate the economy. Sorry, wrong word. They think Bernanke should stimulate the economy, but even within the Fed, there is dissent about continued quantitative easing as the solution for all the world’s problems.
More, more, more quantitative easing is a persistent theme of columnists in the Economist and the Financial Times. Keep the faucet open, they write. They make this argument particularly strenuously Read more |
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Written by Jon Decker
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Thursday, June 21, 2012 |
 In our current economic climate, it is easy for adults to understand the importance of the old expression “a penny saved is a penny earned.” Parents often try to instill this timeless message in their children by instructing them on the importance of saving money, and attempting to provide their kids with a basic understanding of how money works. Of course as a child it can be difficult to grasp some of these basic concepts, but thankfully, parents now have Treasure Hunt in the Enchanted Forest to make that task a lot less Read more |
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Written by Ralph J. Benko
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Tuesday, May 08, 2012 |
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So let us examine what monetary policy should be going forward.
-- Vice Chairman Kevin Brady, Joint Economic Commission, April 24, 2012
From the Remarks of Vice Chairman Brady Before Shadow Open Market Committee
Not far from here on West 141st Street stands the Grange, the recently restored home of Alexander Hamilton, our first Secretary of the Treasury. After careful consideration, Hamilton devised a monetary system that revived a moribund American economy and fostered rapid economic growth. As Hamilton did in Read more |
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Written by Ralph J. Benko
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Tuesday, April 24, 2012 |
 “[T]he Federal Reserve should move to a … more rules-based policy of the kind that has worked in the past.”
So observes Prof. John Taylor, of Stanford, in The Wall Street Journal.
Prof. Taylor thereby invites a most interesting conversation.
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| Chart from Roy Jastram's The Golden Constant |
What kind of policy has worked in the past? What is the empirical evidence?
The late Roy Jastram, professor in the School of Business Administration, Berkeley, from 1946 through 1982 is Read more |
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Written by Ralph J. Benko
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Tuesday, March 13, 2012 |
 Professor Lawrence White addresses and neatly dispels the confusion shown, even by certain political aspirants, as to the sufficiency of American gold stocks on which to base a restoration of the classical gold standard.
From Making the Transition to a New Gold Standard, as presented at the 2011 Cato Institute monetary conference and published at FreeBanking.org, extract reprinted with permission, Prof. White presents decisively argued reasons why it is impractical (as well as unnecessary) to establish 100% reserve Read more |
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