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Money Supply, FED and Banking
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Mortgage Markets: In Control
by Don Luskin
(August 20, 2003)
What is so wonderful about markets is precisely that everyone controls them -- and yet no one does. That seeming self-organizing quality of markets is what makes them so effective in price discovery and resource allocation -- and what makes them so threatening to elitists like Morgenson, who believe that everything of importance should be under state control (with the state to be controlled by people like... them).
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Cutting Interest Rates
by Bruce Bartlett
(June 24, 2003)
Federal Reserve Board Chairman Alan Greenspan has let it be known that he is still concerned about deflationary pressures in the U.S. economy.
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Japan's Crippled Banking System
by Bruce Bartlett
(April 16, 2003)
The Japanese banking system is paralyzed. It has so many bad loans on it books, it cannot make loans to new businesses or existing ones needing capital for expansion. The Japanese money supply is exploding, but none of the money is getting where it is needed. Yet, rather than bite the bullet and liquidate the bad loans, as we did with our S&L's, the Japanese government just keeps hoping that the problem will take care of itself.
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Iraq is Better off without the International Monetary Fund
by Bruce Bartlett
(April 15, 2003)
Instead of relying on foreign aid, as the World Bank does, and raising taxes to balance its budget, as the International Monetary Fund (IMF)wants, Iraq should eliminate all price controls, privatize the oil industry, establish secure property rights, lower tax rates and link the Iraqi currency to the dollar.
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Deflation Myth
by Richard M. Salsman
(March 22, 2003)
Not only is deflation non-existent, but if it did exist it would be bullish for the economy and the stock markets. The bearish results seen in world stock markets since early 2000 have been due, in part, to an acceleration in inflation -- not to deflation.
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Deflation In the Spotlight At Last
by Don Luskin
(August 18, 2001)
"Stagflation" is the combination of inflation and stagnation -- it puts together two categories of analysis that are best kept separate, but are often confused. The first category of analysis is monetary -- is the unit of account (the currency, i.e., the dollar) appreciating or depreciating versus goods, services and assets? If it is appreciating, then prices of all things are falling, and that's deflation. If it is depreciating, then the prices of all things are rising, and that's inflation. The second category is macroeconomic -- is the nation's economy expanding or contracting, and how fast? This can be measured any number of ways, such as gross domestic product, national income, retail sales, employment, and so on.
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The FED, Alan Greenspan, and Ayn Rand
by Don Luskin
(August 17, 2001)
I've often written about how the world would be a better place without central banks. But given that they exist, I've written over and over that they certainly shouldn't go "mucking with the economy" -- their role must be confined to the guardianship of the integrity of a nation's currency, its "unit of account."
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Made in Japan
by Don Luskin
(August 16, 2001)
The Bank of Japan's "quantitative easing" is a model of what our own Federal Reserve ought to be doing
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Confessions of a Venture Capitalist: Inside the High-Stakes World of Start-up Financing
by Ruthann Quindlen
(December 14, 2000)
An insider's look at the world of Venture Capital in Silicon Valley.
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The Seven Essential Questions of Bond Investing
by Stephen Saker
(November 19, 2000)
Are bonds really as riskless as your advisor paints them?
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Next Article(s) >
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 Recommended Reading:
Capitalism: The Unknown Ideal
by Ayn Rand
Whether you are one of capitalism's alleged champions (Conservatives,
Libertarians, etc.), or actually one of its defenders (a rarity in today's
culture), or a part of the "humanitarian" lynch mob that seeks to burn a straw
man, or just a curious observer -- read Ayn Rand's
Capitalism: The Unknown
Ideal -- and then judge for yourself. |
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