Monetary Theory

A Fed employee argues that inflation is harmless. I argue that it is a rip-off for everyone who uses dollars.

The gold standard would terminate the world dollar standard by prohibiting official dollar reserves and the special access of the government and the financial class to limitless cheap Fed and foreign credit. It is an essential step toward stability.

Narrated by Paul Strikwerda.

James Grant's testimony before the US House Committee on Financial Services. Here find the explanation of our monetary woes.

Like many economic events, the key lies not in what is immediately apparent — explosively large banks — but in those causes and conditions that are veiled. Politicians, pundits, and the population of the Icelandic nation have had a difficult time explaining how such a large financial sector could develop in the first place.

Is it possible to both oppose Gaddafi and oppose a war on Gaddafi? Absolutely. This is a position that all Americans should adopt. In the same way, it is possible to oppose the Obama administration but also oppose having a foreign army oust him in order to liberate us.

Can the Fed gracefully exit from the huge hole it has dug for itself? Unfortunately my answer is no.

When the Civil War closed, the revenue acts that had been hastily passed during its course constituted a chaotic mass, writes F.W. Taussig.

In two recent blog posts on the varying economic fortunes of US states, Krugman's about-face was complete and fast.

The growth momentum of price indexes shows visible strengthening. Prepare for more.