-
I honestly could not believe my eyes when I read his post. I started to challenge him, and the converstation grew even more ridiculous. I have no idea how to respond anymore. I know what I want to say, I just can't say it right. Here is the conversation, with me and a poster who I will called "Keynes...
-
Ok so the word is on the street that the US Federal Reserve has been printing a lot of money. But what about other countries like, say, Sweden, Norway, Denmark, India, China, Singapore, Kazakhstan, Greece, Canada, and Germany? Have all their central banks also been printing money, and where did you find...
-
I just want to check if my understanding of the reserve requirement is accurate. When the Fed buys an asset from banks or government debt it creates however much money in the form of reserves. So the money supply should be potentially inflated by 10 times the Fed's purchase because of fractional...
-
Would it be better to back the pound/dollar/euro/whatever with gold or silver? Or both?
-
I'd also read that too. Explains it quite well for a non-economist. Comparing it to the current situation I think this is what we are seeing (correct me if I'm wrong). The following 4 things can cause deflation: The supply of money goes down. The supply of other goods goes up. Demand for money...
-
There was a similar thread recently, but I wanted to expand on the scope of the last one. Mainly, what specific stocks should someone begin buying to profit on the demising dollar? I was thinking about Peter Schiff's "Crash Proof," but it has relatively poor reviews on Amazon because Schiff...
-
In the midst of our economic slowdown, the U.S. Treasury Dept has issued what they are calling the "Blueprint for Financial Regulatory Reform". The highlights, as given by an article on Yahoo!'s website , are as follows: --designate the Fed as the primary regulator for market stability...
-
The part that you’re missing is the technical aspect of how the Federal Reserve creates money. This is understandable because critics often use the metaphor that the Fed is “printing’ money or “creating money out of thin air.” What actually happens is that the domestic trading desk at the New York Federal...
-
Currency, by definition, is never "hard;" people keep the hard money and spend the least hard. However, the problem is easy if there is a federal system: the central government is mandated to coin both gold and silver coins, the several States adopt one or the other. If someone finds a reef...
-
An expectation of long term inflation would seem to be factored into (loan) interest rates. Rothbard makes this point in "Making Economic Sense", ch. 8: http://www.mises.org/econsense/ch8.asp, in particular: As prices rise, and as people begin to anticipate further price increases, an inflation...