Devaluationist Bunk
The Federal Reserve dramatically slashes both the federal funds target rate and discount rate twice in little more than a …
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Separating Money, Credit Equals Safety
Over the past few years, banks in the United Kingdom and elsewhere have amassed a mountain of credit. This giant …
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Questionable Rescue Operations
Military history is written by the victors. Economic history is written, to a degree, by central bankers. In both cases …
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In Praise of Private Infrastructure
An economy depends on infrastructure to facilitate the flow of goods, people, information and energy. Accordingly, ports, roads, bridges, railways, …
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Panic Time at the Fed
U.S. Treasury Secretary Henry Paulson’s blundering is becoming more breathtaking with each passing week. At the end of March he …
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On Rice and Corn Laws
As everyone knows, food prices have ratcheted up dramatically in the past few years. The accompanying food price chart, which …
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