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Re: Why have a Central Bank?

Ron, You are quite right about both Rothschild's quote and your statement that Britain does not have a 100% reserve system. Private banks played an extremely important role in financing nations and issuing their currencies in the 19th Century, and the Rothschild's among others profited greatly...

Posted to Economics Questions by PhCrawford on Mon, Sep 15 2008

Inflation vs. Recession

I have listened to many financial "experts" and economists on television (mainly on CNBC) espouse their opinions on how to "fix" the economy, and one central theme always underlines the discussions: that recession must be avoided at all costs. I do not understand this. Rather, the...

Posted to Economics Questions by richie2044 on Wed, Jul 30 2008

Inflation---->BAD OR GOOD???

I was having an arguement with this person saying that people have a misconception about inflation because they think that inflation will rob him of his purchasing power of his hard earned money. So that when the prices rises, your dollar will buy fewer goods so it might seem that it lowers living standards...

Posted to Economics Questions by Unikkatel on Fri, May 2 2008

Blueprint for Financial Regulatory Reform

In the midst of our economic slowdown, the U.S. Treasury Dept has issued what they are calling the "Blueprint for Financial Regulatory Reform". The highlights, as given by an article on Yahoo!'s website , are as follows: --designate the Fed as the primary regulator for market stability...

Posted to Economics Questions by Sailor on Sun, Mar 30 2008

Review of two economic museums

For spring break, I decided to go to Mexico again (and mind you, not to Cancun or any beach place like that), but since it was cheaper, I had to go through NYC. Anyways, I visited the Museum of American Finance in NYC (as recommended by Dr. Tucker ) and the Museo Interactico de Economica in Mexico City...

Posted to Musings from an Economics Student by champthom on Sat, Mar 8 2008
Filed under: mexico, currency, museum, history, financial history, inflation, tucker