Tag: money
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...
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The Data Don’t Justify Financial-Market Panic

As the hysteria has grown in the discussion of financial markets and related government policies, I have been puzzled by the discrepancy between the best available data and the descriptions quoted in the press—statements by financial gurus, traders, and professors, as well as by government officials. To hear these spokesmen tell the story, you’d...
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Two Unspoken Assumptions in the Credit-Crisis Debate

In the heated, sometimes almost hysterical discussions and debates of the “credit crisis” now swirling through the press, the Internet, and the programs broadcast on radio and television, nearly everybody is making two, usually implicit assumptions: I. The volume of outstanding credit should never decline. II. If the volume of outstanding credit has declined, the government should act to reverse that...
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Metaphors Reveal the Economic Ignorance of Politicians and Journalists

The past few weeks have been a difficult time for economic educators. Never has it been more obvious that all their efforts have been in vain. Neither the politicians nor the journalists, who have been spewing out words at a rapid rate with regard to the so-called financial crisis and the proposed financial bailout, have a...
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