How Fast Should the Money Supply Grow?
Some economists have suggested that inflation results when the money supply expands faster than the rate at which goods and services are produced. They correctly point out that this expansion of the money supply will generally lead to rising prices. But what most economists fail to mention is that inflation can exist even when prices are stable.
Concentrate Where the Murders Are Concentrated
One of the principles of good public policy is to focus efforts on understanding social problems and searching for effective responses where those problems are serious, not where they are minor or missing. Local problems justify locally focused and decided policies, problems that have effects that are more widely spread justify geographically broader policies, and the broadest problems justify national policies, as illustrated by the federalism of the US Constitution, particularly the Tenth Amendment.
Don’t Call It Capitalism: The Fed’s $8 Trillion Hoard of Financial Assets
The State Will Always Set the Rules in Its Favor
The Fed Is a Purely Political Institution, and It’s Definitely Not a Bank.
The Italian City-Republics Were the Manhattan of the Twelfth Century
Political Salvation Is Slow Suicide
Röpke Revisited
The Moral Foundations of Civil Society
by William Röpke
Transaction Publishers, (1948) 1996; xxxvii + 235 pp.
