
The Federal Reserve System of central banking was a response to the financial panics of 1903 and 1907 that rocked the US financial system...
There is a current incessant flow of articles warning us of the certain economic calamity if deflation is allowed to show its nose for even the briefest period of time.
It is not an exaggeration to say the current reputation of economists is probably just below that of a used car salesman. The recent failures of economic policies to boost growth or employment have tarnished this image even more.
The “monetary cranks” and “ignorant zealots” of old are back preaching salvation if only we had more inflation.
A common argument for dumping the Euro is that it is overvalued, and that the European Central Bank is unwilling to correct this so-called “problem.”
The Federal Reserve System of central banking was a response to the financial panics of 1903 and 1907 that rocked the US financial system...
There is a current incessant flow of articles warning us of the certain economic calamity if deflation is allowed to show its nose for even the briefest period of time.
It is not an exaggeration to say the current reputation of economists is probably just below that of a used car salesman. The recent failures of economic policies to boost growth or employment have tarnished this image even more.
The “monetary cranks” and “ignorant zealots” of old are back preaching salvation if only we had more inflation.
A common argument for dumping the Euro is that it is overvalued, and that the European Central Bank is unwilling to correct this so-called “problem.”