Central Banking Explained
The Central Bank’s important role in managing the economy through interest rates, explained in detail.
The Central Bank’s important role in managing the economy through interest rates, explained in detail.
Somewhat appropriate, considering everything. Very well done and enjoyable!
Two minor quibbles come to mind …
1) Most of the Austrians tend towards using MZM or M2 as their definition of “money,” and this doesn’t capture credit impacts - and credit IS money.
2) Theoretically there could be monetary contraction even with rapid expansion […]
Jeff over at Dash of Insight had an amusing take on the bailout plan, comparing it to a popular “asteroid apocalypse” movie. I told him that he missed two points – first, such asteroids tend to strike with alarming frequency, once every five or ten years, it seems, and second, they all appear to […]
Listen to Michelle Caruso-Cabrera’s and Steve Liesman’s comments here, starting at 1:40 into the tape:
CNBC video - Awaiting Bailout Plan, Pt. 3 - Sept 29, 2008
Obviously, anybody who questions the bailout and the rapid expansion of Federal power is like Timothy McVeigh. They say a lot of “crazy things” and need to “get with […]
I have to say that I am amazed by the House voting down the Paulson Plan. My cynicism got the best of me, and I fully expected it to go through – regardless of its merit or lack thereof – and to be packed with as much additional pork as the congresscritters could amend […]