Several days ago a colleague of mine, referring to the Niskanen Center's recent conspectus, wondered whether Bill Niskanen, the former Chairman of the Cato Institute after whom the Niskanen Center is named, would have agreed with a claim it made. The claim was that promoting sound monetary…
So far, throughout this primer, I've claimed that central banks have one overarching task to perform: their job, I said, is to "regulate the overall availability of liquid assets, and through it the general course of spending, prices, and employment, in the economies they oversee." I've also…
Having spent the last month or so poring over writings on last-resort lending,* and especially writings dealing with the recent crisis and its aftermath, with the particular aim of discovering the best means for supplying last-resort credit when it's called for, and for not supplying it when…
CMFA Director George Selgin recently appeared on EconTalk, the weekly podcast from the Library for Economics and Liberty hosted by Russ Roberts. He and Russ discussed the causes of the 2007–08 financial crisis and the Fed’s response to it, with George drawing on his Alt-M reviews (see…
I'm very well acquainted… with matters mathematical, I understand equations, both the simple and quadratical, About binomial theorem I'm teeming with a lot o' news, With many cheerful facts about the square of the hypotenuse. I'm very good at integral and differential calculus; I know the scientific…