Posted by admin! / Under Monetary Policy
An article on liberty and free markets as sound public policy for Michigan. This article is a brief monetary history of the last 25 years of 19th century America.
The article explains how the manipulation of exchange rates between silver and gold by the Federal government was a purposeful act to create inflation. It created bank runs and depressio
Published on Monday 8th of March 2010 06:49:02 AM
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Posted by admin! / Under Monetary Policy
Volcker is no radical. He is the former Fed chairman. He has a tightwad's view of monetary policy, even in a severe recession. But he has been around long enough to know that Wall Street speculators are capable of terrible mischief when regulations are dismantled. If Obama is serious about financial reform, he needs to fight for it -- again
Published on Monday 8th of March 2010 06:49:02 AM
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Posted by admin! / Under Monetary Policy
Garrett, John R. (1995) "Monetary Policy and Expectations: Market-Control Techniques and the Bank of England, 1925-1931" The Journal of Economic History, Cambridge University Press, Sept. 1995, pp. 612-636
The Bank of England depleted its open-market portfolio by secretly sterilizing large gold inflows. Thereafter interest rates were i
Published on Monday 8th of March 2010 06:49:02 AM
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Posted by admin! / Under Monetary Policy
This week we look at Canadian GDP, Australian GDP, US ISM indices on manufacturing and non-manufacturing, and a wrap up of some of the monetary policy decisions announced this week; including the tightening decisions in Australia and Malaysia.
Published on Monday 8th of March 2010 06:49:02 AM
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