Monetary Policy
Not Heaven Cent
Submitted by Stephen Kelley on Fri, 09/03/2010 - 14:16Here’s a letter to the Washington Post:
Arguing that “In God We Trust” should be displayed more prominently on the dollar coin, Michael Bridges says “The motto is something we should be proud of” (Letters, Sept. 2). Perhaps. But the history of that motto raises serious questions about just what sovereign Americans are being encouraged to trust: God or government?
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Submitted by Stephen Kelley on Tue, 08/03/2010 - 14:30- Login or register to post comments
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Monetary Nationalism Is a Curse
Submitted by Stephen Kelley on Wed, 07/21/2010 - 15:21Here’s a passage from the not-to-be-missed book by Benn Steil and Manuel Hinds, Money, Markets & Sovereignty (Yale University Press, 2009), pages 94-95:
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Submitted by Stephen Kelley on Sun, 07/18/2010 - 14:05Writing in Barron’s, My GMU colleague Tom Hazlett praises the Obama administration’s support for property rights in the radio spectrum.
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Obsessed With Aggregate Demand
Submitted by Stephen Kelley on Fri, 06/25/2010 - 22:03Here’s a letter to the New York Times:
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Submitted by Stephen Kelley on Fri, 06/25/2010 - 16:26PERC’s Terry Anderson – an incredibly creative and insightful economist and economic historian – explains in today’s Wall Street Journal that it’s safer to drill “in ‘the backyard.’” Here’s a key ‘graf:
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The Theory of Free Banking
Submitted by Stephen Kelley on Fri, 06/04/2010 - 11:56George Selgin’s 1988 book, The Theory of Free Banking: Money Supply under Competitive Note Issue, is now available on-line, free, at the Online Library of Liberty.
This development deserves loud applause, for this book is a major work contributing to our understanding not only of free banking, but of banking and money more generally.
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Yet More Rainbow Stew
Submitted by Stephen Kelley on Thu, 05/27/2010 - 11:35Here’s a letter to the New York Times:
One of Pres. Obama’s economic advisors explained to David Einhorn that the U.S. government is unlikely to default on its debt because (as Mr. Einhorn summarizes the proffered explanation) “the government is different from financial institutions because it can print money” (“Easy Money, Hard Truths,” May 27).
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Submitted by Stephen Kelley on Sat, 05/22/2010 - 14:53DJ [Deal Journal]: How would this proposal change Wall Street?
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More Rainbow Stew
Submitted by Stephen Kelley on Sat, 05/01/2010 - 08:38Here’s a letter to Lynn Parramore of New Deal 2.0:
Dear Ms. Parramore:
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