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Was the Federal Reserve's monetary policy the proximal cause of the financial crisis of 2007-2008? Also, what are the best free market sources for information and argumentation on this mechanism (e.g. published papers, data, forecasted predictions, etc)?
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I think that President Obama plans to borrow more US dollars back from the Foreigners that earned the US dollars manufacturing US consumable products and then provide temporary jobs for unemployed US citizens to construct "Pork Barrel" projects, or rake leaves, or dig a hole today and then...
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The S&L crisis occurred because of bad deregulation. Under previous regulation, S&Ls were limited to loan on owner-occupied single-family residences and their deposits were insured by the Federal Savings and Loan Insurance Corporation (FSLIC). In the 1980's, the S&Ls were permitted to...
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It is truly amazing how our congress has been able to deflect the financial turmoil onto our banking and financial systems, when they are directly responsible for creating the turmoil. Their GSE's Freddie and Fannie; their created moral hazards of implied guarantees; their mindless regulatory schemes...
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I just finished the lecture course by Peter Klein and Joe Salerno, the Causal-Realist Approach to Economics, and the last lecture on banking and the business cycle was very fascinating. However, I was confused when Mr. Salerno said that the costs go up in the capital goods industry. Firstly, bank reserves...
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First of all, I would like to introduce myself. I am a computer programmer from the Netherlands. I am working on a theory of money and banking derived from the "Natural Economic Order" of Silvio Gesell. "Natural Economic Order" clearly states that the root the economic and monetary...
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I was having an arguement with this person saying that people have a misconception about inflation because they think that inflation will rob him of his purchasing power of his hard earned money. So that when the prices rises, your dollar will buy fewer goods so it might seem that it lowers living standards...
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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...
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This is a new intiative by the FED: "These arrangements will now provide dollars in amounts of up to $30 billion and $6 billion to the ECB and the SNB respectively," the Fed said, extending the term of these swap lines through Sept. 30. Can someone elaborate on this for me? Will this make a...
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[quote user="Inquisitor"] It is not an inherent problem faced by capitalist economies. [/quote]It occurs only in economies that allow for some capitalism. The reason is however not private ownership of production assets, trade and freedom of contract. The reason lies rather in the financial...