Federal Reserve

Archive for Federal Reserve

A Note on ECON MOMENTS and Ron Paul vs. Non-Neutrality of Money

[UPDATE below.] Just to give you a quick update, over the weekend I bit the bullet and bought a new camera that takes a mic. However, my parents are coming into town this week for Easter, and then I’m traveling like CRAZY for two weeks. (As Dennis Miller would say, I’m going to make Kerouac […]

Potpourri

==> This article about “how modern men are trained to hate women” is actually really insightful. It’s supposed to be entertaining and has lots of absurd photos, but I actually think the guy makes some good points. ==> Even though he and I don’t see eye-to-eye on everything in the “free banking” argument, I must […]

Market Monetarism Bask

Somebody help me out here: Scott Sumner is acting like Ben Bernanke is contradicting himself with current Fed policy, and yet the latest BLS report shows that over the last 12 months, the “core” price inflation rate was 2.2%. (The headline CPI rate year/year was 2.9%, while on the PPI we see that finished goods […]

Update on Scott Sumner Showdown

Sorry for not mentioning this sooner, but here’s an update: At my request, Scott and I have postponed our debate that was originally scheduled (I think) for January. The reason is simple: I got bogged down with “day job” stuff and couldn’t prepare. I think for sure if I had debated Scott in January, it […]

Reminder About Mises Academy Class

Remember kids, my class on Mises’ first major work starts tomorrow; infomercial is here. As I said on Facebook: If you don’t have the money for it, put it on credit. I don’t think we will have the time to talk too much about clearinghouses, but Mises does do a great job explaining that in […]

Krugman and Kuehn Take Me to the Woodshed on the 1920-1921 Depression

I have all sorts of sarcastic wise-alecky things I could say, but let me just play the straight man on this one. On Sunday Krugman had a quick post titled “Harding” in which he alluded to unnamed gnats who kept repeating that the 1920-1921 experience showed the success of austerity policies. Krugman at that time […]

Learn the Views of Mises on Money and Banking!

Admit it: You’ve had that copy of The Theory of Money & Credit on your shelf since October 2008. When TARP went through, you thought the end was near, and you needed to go back to the ancient texts to get guidance through the storm. But then Mises started talking about “credit money” and you […]

Potpourri

* Bob Wenzel has some concerns about gold confiscation, if the feds get serious. In short: It’s hard to hide a bunch of metal, since there are detectors built specifically for that purpose. * Russ Roberts interviews Nassim Taleb. I will always like Taleb, because he answered my emails back in the day and even […]