He predicted Europe's current problems 17 years ago. Among the general public, Milton Friedman is mostly remembered for the libertarian views outlined on his PBS show Free to Choose. Among economists, he is best known for his monetarist position on Fed policy. What's less well known is that he was also a soothsayer, ... MORE
Showing posts with label money supply. Show all posts
Showing posts with label money supply. Show all posts
Scott Sumner: Milton Friedman Saw The Euro Crisis Coming
He predicted Europe's current problems 17 years ago. Among the general public, Milton Friedman is mostly remembered for the libertarian views outlined on his PBS show Free to Choose. Among economists, he is best known for his monetarist position on Fed policy. What's less well known is that he was also a soothsayer, ... MOREThe Federal Reserve: Promises vs Track Record
by Thomas Sowell. Now that the federal government is playing an ever larger role in the economy, a look at Washington’s track record seems to be long overdue. The release of the Federal Reserve Board’s transcripts of its deliberations back in 2007 shows that their economic prophecies were way off. How much faith should we put in their prophecies ... MORETyler Durden: Alan Greenspan Is Warning Of A Significant Market Event; Predicts Gold To Go Measurably Higher
"Something big is going to happen." With the Federal Reserve printing trillions upon trillions of dollars to keep the economic system afloat, many investors and financial pundits have surmised that the fundamental economic problems facing the United States during the crash of 2008 have been resolved. Stocks are, after all, at historic ... MORELiberty And Wealth Require Strong Money
by Daniel Oliver Jr. Conservatives hold that wealth and liberty correlate. This proposition was self-evident in the context of the Cold War and remains true today. It is the reason China cannot surpass the West in terms of wealth creation (contrary to the hysterics emanating from The Economist): a repressive country that continues to ... MOREJohn Stossel: Bitcoin Revolution
Why Stossel chose to invest. The big online retailer Overstock.com now accepts payment in Bitcoin. That's good news for lovers of liberty because Bitcoins give us an alternative to government-controlled money. Bitcoins are a currency created by anonymous, private tech nerds, not by government. Governments don't like ... MOREBruce Walker: The Federal Reserve's Century Of Failure
Why no centennial celebration? December 23, 2013 marks the centennial of a disastrous transformation of the American Republic. On December 23, 1913, the Federal Reserve System was created. Woodrow Wilson believed that central planning could make America better. His informal deputy, Colonel House (who was not really a colonel ... MOREMonty Pelerin: Hyperinflation Is A Political Choice
Markets will stop what politicians will not. The situation with the Federal Reserve (and other central banks around the world) is not very different than what prevailed in the early 1920s and ended in Germany’s horrendous hyperinflation. The notions that “this time is different” or “it can’t happen here” are naive. It is happening ... MOREJohn Stossel: End The Fed
Why should government be allowed to counterfeit? I've always avoided reporting on the Federal Reserve. I know it's more important than much of the stuff I cover, but it's so boring. How can I succeed on TV reporting on the Fed? Fed chairs even work at being dull. Alan Greenspan said he tried to be obscure because he didn't ... MORERand Paul Says He Will Block Yellen Unless Fed Is Audited
by Oliver Darcy. Sen. Rand Paul (R-Ky.) told Senate
Majority Leader Harry Reid (D-Nev.) Tuesday that he will move to block
Dr. Janet Yellen’s nomination as the next Federal Reserve Chair unless
the Senate votes on his legislation which allows the Fed to be audited “I am writing to convey my objection to
floor consideration of the nomination of Dr. ... MOREJoseph Lawler: The Money Printers To Work Overtime
Federal Reserve to keep adding stimulus. Three more Federal Reserve officials reaffirmed Friday that the central bank does not want to take away monetary stimulus too soon, counter to the impressions left by Chairman Ben Bernanke’s press conference last week. The Fed “is not only leaving the punch bowl in place, we’re continuing to spike the ... MOREVIDEO: Why The Price Of Everything Is Going Up
The more money put into circulation, the more there is to bid up prices.
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