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Tag: money supply

Gary North: Which Flation will Get Us?

WHICH FLATION WILL GET US? from garynorth.com Date 9/8/2009 Issue 109 One of them will. That’s if things work out really well. Two or three will if things go according to the Austrian theory of the business cycle. Americans have been living in the eye of the monetary hurricane. Prices have been stable. In July, […]

Refuting “Economic Suicide”

Tuesday, September 1, 2009 Refuting “Economic Suicide” Inflation is always and everywhere a monetary phenomenon. These are the words of Milton Friedman in A Monetary History of the United States. The meaning of those words is that no matter what, inflation is a function of the amount of money available. Inflation occurs when more money […]

There Will Be (Hyper)Inflation

There Will Be (Hyper)Inflation by Thorsten Polleit. Increasing “Excess Reserves” The demise of fiat-money regimes around the world has become unmistakable. They can only be kept alive by central banks creating ever-greater amounts of base money and governments underwriting commercial banks’ liabilities. The US Federal Reserve, for instance, increased the stock of the monetary base […]

Federal Reserve Change

at Yahoo! Answers: Question in regards to the Federal Reserve? The Federal Reserve was established in 1913 and is, therefore, a creature of Congress. The President of the United States nominates members of the Board of Governors of the Federal Reserve, subject to confirmation by the Senate. However, the Federal Reserve is basically free to […]

Before & After the Fed

the 95 years prior to the Federal Reserve beginning: What cost $1.00 in 1818 would cost $0.62 in 1913. Also, if you were to buy exactly the same products in 1913 and 1818, they would cost you $1.00 and $1.66 respectively. the 95 years after 1913 under Federal Reserve manipulation: What cost $1.00 in 1913 […]

Dollar down, not prices up!

Prices have not gone up, the value of the dollar keeps falling! e.g. by indexing gasoline prices for inflation, the price today should be $6.52, not about $3.50!. For more examples, see my post entitled Inflation. Thanks to free enterprise, gasoline and almost everything else is a bargain — it is the dollar which has […]

Federal Reserve Bank

The Federal Reserve seems a difficult critter to envision. It began back in 1913, created by the government as the bank to head all banks, yet not part of the government, but assigned to control the dollar and and the money supply. This puts “the Fed” even more difficult to control. So among the biggies […]

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