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How The Federal Reserve Bought The Economics Profession Great read. Obviously, it is easy to compromise journals, academics and intellectuals, if you simply become their largest employer, and you can afford to do that, because you have monopoly power in the market and an army with big guns to back you...
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In WaPo. According to this explanation, the "savings glut" was due to loose monetary policies that caused trade deficits and flooded China with additional reserves of newly printed money. This, in turn, fueled the bubble which caused the recent economic crisis.
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Revealing graph of changes in the C.P.I. since the inception of the Federal Reserve System here.
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In The Case Against the Fed, Murray Rothbard has this to say on page 143: "It should be easy to see why the Fed pays for its assets with a check on itself rather than by printing Federal Reserve Notes. Only by using checks can it expand the money supply by ten-fold; it is the Fed’s demand...
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I've seen the charts which show how the Fed has pumped incredible amounts of money into the banks/economy/whatever. Given this, why are we not seeing price inflation? Is it because the banks are holding on to the money and not letting it all out? Additionally, assuming that the govt continues their...
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is there a figure that would indicate how often and how much money and or credit the federal reserve has created in order to keep banks afloat? would a model of bank that has never needed the federal reserve for bailing out have been the norm?
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n. uk and irenicus please refrain from posting from http://mises.org/story/3556 "The overwhelmingly greater part of our money supply today consists of fiduciary media in the form of checking deposits of one kind or another. For example, as of December 2007, the total money supply of the United States...
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this link -- http://www.hussmanfunds.com/html/fedirrel.htm contains the following excerpt -- "....a change came in the 1970s with the emergence of money market funds, which require no reserve requirements. Then in the early 1990s, reserve requirements were dropped to zero on savings deposits, CDs...
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I am currently doing a dissertation on American foreign policy and at the moment I am reading William Appleman Williams The Tragedy of American Diplomacy . In it, he says that US expansionist policies gained support from industrialists and farmers in an effort to "open" and/or "find"...
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I believe the issue is to the ownership and control of the Fed. It has clearly been granted a monopoly status by Title 12 and the BOG has isolated itself from any identified source of control, including Congress, the President (except to appoint a Governor from a preapproved list), and the GAO. And the...