Milton Friedman: Float or Fix?
With the passing of Milton Friedman on November 16, 2006, we lost one of the great champions of free markets. …
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The Greenback and Commodity Prices
To address the problems associated with rising food prices, we must understand what has caused prices to rise. This report …
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The Bush Legacy: Deflation or Inflation?
Since 2001, the Bush administration has entangled the United States in a war that is undefined in terms of its …
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Mark-To-Model, Into The Twilight Zone
On Sept. 30, the Securities and Exchange Commission challenged the primacy of using market prices as a measure of value. …
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Shelter from the Storm
In my April 16, 2007 column I warned that the U.S. was trapped in a dangerous boom-bust cycle that began …
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Banking Crises: Plus Ça Change
Banking crises are all too common. They are also costly. The potential cost of the most recent bail-out package in …
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