Money and Banks
Displaying 2611 - 2620 of 2823
Global Inflation
A world central bank and currency can only further destabilize the global economy.
Recovery in Japan
As the "experts" counsel Japan to gun the money supply, an Austrian has a better idea.
Perils of the Dollar Standard
Winter's economic crisis in Asia was blamed on "go-go capitalism" and "crony capitalism," but those explanations don't get to the root cause. The Asian meltdown stems from structural defects deep within the world monetary system itself. These are defects that no amount of bailouts, exchange controls, IMF power, or even U.S. monetary discipline can repair.
Inflation: One Man’s Survey
My Latin professor once taught me the golden rule of Roman emperors, Vulgus vult decipi, ergo decipiatur. It means the masses want to be cheated, so let's cheat them. Machiavelli built his theory of government partially on this credo.
Mad Fed Disease
The Federal Reserve is the most powerful yet least questioned of all Washington institutions. It can make or break elections, bail out entire governments, send the stock market to the stratosphere, or bankrupt whole industries. Yet it operates with less oversight than the CIA.
Define It Away
People made fun of Gerald Ford's buttons that said "WIN," meaning "Whip Inflation Now." The buttons and the accompanying propaganda campaign implied that consumers' bad vibes were the cause of inflation. Ha, Ha.
Micro-Credit Cult, The
In the story of Rumpelstiltskin, an evil dwarf saves the life of a king's bride by spinning flax into gold. But the price is high for performing this seeming miracle. She must give the dwarf her first-born child.
The story could be an allegory for the "micro-credit" movement, the current enthusiasm of the political Left here and abroad. It promises credit for poor people with no savings or collateral. A closer look, however, shows the movement to be financially dangerous, subtly coercive, and, in its most famous case, an enemy to children and families.
