The Eurozone: A Moral-Hazard Morass
The costs and risks of remaining within the European Monetary Union (EMU) are already immense and rising.
Money and Banking
Displaying 1211 - 1220 of 1991
Rules, Discretion, or No Central Bank
Recent discussions in the econ blog world on whether the Fed keeping interest rates too low for too long from 2003-2005 was a significant factor in
Legal Monopolies
Economic monopolies are contestable. Legal monopolies are not: competition is suppressed through the courts and police forces.
Money and the State
As a buyer or seller the state has to conform to the conditions of the market.
The Blessing of a Strong Currency
To hear some commentators talk, one would think that America's trade-deficit woes would be miraculously erased with a swift devaluation.
The Transition to Monetary Freedom
Any attempt at restoring monetary freedom must be part of a comprehensive plan to roll back government.
Bailing Out Banks Is Inflationary
A policy of unlimited increase in the money supply leads to a drastic debasement of the fiat currency.
Will Currency Devaluation Fix the Eurozone?
A policy of currency devaluation can only make things much worse.
The Fed’s Quasi-Fiscal Policies
The current policies of the Fed are a sharp departure from the old way of performing monetary policy.
