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Written by Steve Hanke
- Globe Asia |
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Thursday, June 21, 2012 |
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During the 1992 presidential campaign, former President Clinton's rallying cry was "It's the Economy, Stupid." He sang it to perfection and won the election. Today, the smart politicians (and economists) should realize that "It's the Money Supply, Stupid." One doesn't have to delve deeply into the mysteries of money to realize that money matters. But, you wouldn't know it from reading the deluge of polemics on whether a fiscal stimulus is, or is not, the proper prescription for most of the world's economies. Most Read more |
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Written by Amity Shlaes
- Bloomberg |
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Tuesday, May 01, 2012 |
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Nut cases. That’s what they are. And if you take an interest in them, you are a nut case, too.
That’s the consensus among credentialed economists who describe advocates of a return to the monetary regime known as the gold standard. In fact, the economic pack will marginalize you as a weirdo faster than you can say “Jacques Rueff,” if you even raise the topic of monetary policy in relation to gold.
An example of such marginalizing appears in a recent issue of the Atlantic magazine. Author Adam Ozimek lists four rules upon Read more |
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Written by Ralph J. Benko
- Forbes |
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Tuesday, November 22, 2011 |
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The Supercommittee, if rumor, speculation and common sense can be credited, now will shirk its role as political suicide bomber. The Supercommittee was created in a fit of ambiguous revulsion against the truly gargantuan, obnoxious, deficit. It got off on a macho, but false, premise: that the path out was by mutual pain: raising taxes and cutting entitlements.
Wrong premise. There is a way to balance the budget. Figure out how to get the economy growing at 4% (or even 5%) instead of its current Read more |
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Written by John Tamny
- Forbes |
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Monday, November 21, 2011 |
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With monetary authorities domestically and internationally having failed the world’s citizenry in stupendous ways, a possible silver lining that’s emerged from this global crack-up is a desire for a return to gold-defined money. If true, particularly in the U.S. we might eventually excuse the Bush/Obama economic disasters for revealing in high resolution the need for true monetary reform.
It’s been stated in this column numerous times already, but the sole purpose of money is to facilitate the exchange of goods. A Read more |
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Written by Brian Domitrovic
- Forbes |
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Tuesday, October 25, 2011 |
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Paul Krugman’s co-author in the economic journals, the New York Federal Reserve economist Gauti Eggertsson, has made a claim about economic growth that is enjoying received-truth status among historians. Here it is, from a 2008 issue of the American Economic Review: “1933–1937 registered the strongest output growth (39 percent) of any four-year period in US history outside of wartime.”
At a Great Depression conference sponsored by Ohio University a week ago, where Eggertsson repeated the claim, Univeristy of California-Davis Read more |
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