In his NY Times column Sunday, Paul Krugman tries, in vain, to construct a case for bank regulation in light of the problems at JP Morgan. As usual with Krugman, there’s much to disagree with, but I want to focus on his utterly ham-handed version of the…
Was the subject assigned to me for my "Tea Lecture" to congressional staffers last week. The lecture is one of a series being sponsored by Ron Paul's office. The true story of the Fed's origins needs to be more widely known, so please do pass it on!
That's the sort of title I wanted City A.M., a free-market-oriented London financial daily, to give to this opinion piece arguing that "the gold standard" wasn't to blame for the Great Depression. Anything to get British readers' attention. But no dice: I guess they thought it a…
David Glasner and Scott Sumner recently wrote good posts on the gold standard. In my next post I will try to put the issues in a larger context, but for the moment I will take a narrower, scattershot approach of responding to some criticisms of the gold…
I regret taxing readers’ patience with another post on the gold standard. As I and other bloggers here have made clear, a free banking system need not be a gold standard system. If people want the standard to be gold, that’s what free banks will offer to…