Tag: money supply
Extraordinary Demand to Hold Cash—The Mystery Persists

Since the fall of 2008, the Federal Reserve System has pumped an almost incomprehensibly large amount of reserves into the commercial banking system—about $1.4 trillion. In normal circumstances, this action would have given rise to hyperinflation. Of course, not only has no hyperinflation occurred, but scarcely any inflation at all has occurred, and policy...
Read More »

The Economist on the Austrian School of Economics’ Relevance in Explaining the Current Crisis

A Buttonwood column in the new issue of The Economist, “Taking von Mises to pieces: Why is the Austrian explanation for the crisis so little discussed?,” discusses the enormous relevance of the Austrian School of economics, including the work of F.A. Hayek, Ludwig von Mises, and Lawrence White in explaining the current economic crisis....
Read More »

Robert Higgs on Bernanke and the Federal Reserve on Fox News “Freedom Watch”

Independent Institute Senior Fellow Robert Higgs is interviewed here on Fox News “Freedom Watch with Judge Napolitano,” regarding the Federal Reserve System. Based on his recent article, “A Reader’s Guide to Bernanke’s Preemptive Attack” on The Beacon, Dr. Higgs responds to the November 29th Washington Post article by Ben Bernanke, “The right reform for...
Read More »

Bernanke’s Reappointment

President Obama announced that he will reappoint Ben Bernanke as Chairman of the Board of Governors of the Federal Reserve Bank (Fed), and I’m more than OK with the president’s decision. Bernanke’s policies over the past year and a half have put the Fed in a precarious position, but Bernanke says he has an...
Read More »

  • Catalyst
  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org